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

To: Patrice Gigahurtz who wrote (5335)	11/16/2000 9:17:13 PM
From: Susan Saline	Read Replies (1) \| Respond to of 5650

that margin call probably caused the further weakness this past week and now that that news is out and the shares are sold ... this should be able to start moving up in anticipation of a buyout/sale of company that was a lot of shares that were dumped ..... rd.yahoo.comhttp://chkpt.zdnet.com/chkpt/hud0001608/www.zdii.com/industry_list.asp?mode=news&doc_id=ZE506547 PSINet on Thursday said chairman and CEO William L. Schrader was forced to sell 11.4 million shares* used to secure a bank loan. A margin call requires an investor to put up cash or securities to back the stock bought with borrowed funds. Shares of PSINet dipped to 1.7187 in afterhours activity on the Island electronic communications network, following the news. PSINet stock rose 0.188 to 2 in Thursday's regular trading after the company announced the hiring of Goldman Sachs & Co. (NYSE: GS) to advise on alliances or a possible sale. this is a good post .... Message 14828132