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Technology Stocks : PSIX up 26.5%, Takeover(?) -- Ignore unavailable to you. Want to Upgrade?

To: Patrice Gigahurtz who wrote (5281)	11/11/2000 10:49:02 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 5650

EDIT at BOTTOM; Patrice; I know there is a ton of shorts on PSIX right now and that her bonds are being bought up on the cheap. (.33 on the dollar) I can only guess at this but I feel the ones buying the bonds at this point intend to make a play for her assets, as if they can take over PSIX they can then pay themselves back this could take some time to work itself out. -------------------- As for the Tax selling , in general the Funds have already sold their losers , still many individuals haven't, I expect they are going over their portfolios and looking at where they have long term profits , if they have enough losses this year they could roll some of that forward with a plan to sell some of their winners next year, a lot will depend on if they see the stock price moving up or down and how much old money they want out of the market this year vs next year. That will effect the market but be offset some by new retirement money coming into the market, strong stocks that are moving up will likely go on up, as it's more a mo mo market now than at any time in the past. PSIX is likely washed out and most of what we now see trading with respect to her are the shorts flipping positions, and the newer bond holders accumulating stock ( votes ) on the cheap. But this is just a guess on my part, ( one I'm willing to bet on as long as I can keep my cost basis below her trading range and have the chance to turn a nice profit if I get called out ) my plan is not on a fast flip, but based on me being willing to hold 2 yrs and lose all against the odds that she will make $5; or be bought out and in one way or another & be worth more than $5 before Jan 2003. In other words the risk/reward odds look good to me, & if I could keep all my stocks with these type of odds winners will outweigh losers 2 to 1, but I don't get these odds on most of my picks hence I play the indexes more than I pick stocks, I also prefer to put plays like this in my IRA which has a number of cheap stocks that have CCs wrote on them, and if 50% of them fail and 50% come back to the call I sold It will still make a 50% yrly return over a longer time frame, I could lose 75% of the bets in it and still break even. Member 1421660 Jim PS I jump in jump out of indexes but mostly in my regular account "it's taken the place of my going to the race track" :-) PS 2 When I get a play that goes UP a lot I generally then lock in the profit when the puts get cheap enough, then forget her unless she comes way back down. ie I have FIBR in my IRA locked at $40 I won't mess with her unless she comes back to $15, at that point I could sell my puts and still own the stock for a -$4. -------------