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

To: Sandie who wrote (1650)	12/18/1997 2:28:00 PM
From: bob zagorin	Read Replies (1) \| Respond to of 5650

couple of comments. 1. here's a quote from CEO of CNET from interview with Upside mag.that I think is applicable to PSIX. "...The central focus to our company for the past three and a half years has been to identify the niches where we wanted to be and go as fast as we could to build services around those niches. If you believe that the Internet opportunity is enormous, you spend more money for a longer time, and if you believe that the Internet opportunity is smaller, it means you pull back sooner. So we went out and invested heavily...." 2. I talked eith a regional mgr. for PSI the other day who told me PSI was first ISP to offer cable service. He also said cable modems will still need ISP backbone. 3. I sold my PSIX last week but replced the shares with July calls. I haven't changed my positive outlook for this company but I was afraid this year end blitz of margin calls and tax selling might push it below 5 and put me in a bad margin call situation. At least this way I don't have to sweat the day to day drama (until July). Hang in there if you can.