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

To: Curtis Gruber who wrote (1574)	11/30/1997 1:54:00 AM
From: david thor	Respond to of 5650

<Anyone buying PSIX right now???? I am not biting any more at these prices....if we see it break down again, past $6 then I will probably pick up some more...it rebounded nicely after the drop to 5 7/8......> Curtis, I take a position in a company and don't buy or sell further until a goal is met (for good or bad). I'm not uncomfortable with my position in PSIX, and if I had not bought when I did, I'd probably take the same position now. That's about all I can say about that. The pessimism expressed here reminds me of the UUNET and NETC folders not long before those companies were buyout targets. I'd go along with the pessimism if I thought management was damaging the company, but I don't see that now. I'm thinking about a little LCI, depending on how this BTY/GTE/SBC/BEL rumoring comes to pass (USA Today 11/29 or 11/28, it's printed earlier in this folder). I think the telecom consolidation will just about end within the next few months, but I suspect LCI will be in some sort of deal with an RBOC within a few months. Regards, Dave