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


To: Teknvstr who wrote (2150)3/11/1998 7:26:00 PM
From: david thor  Read Replies (1) | Respond to of 5650
 
<. By the way, this thing is under HEAVY accumulation right now...but I see you've already figured that out....HANG ON!!....Tek>

Tek,

No doubt about that. Do you know if any of the speeches are or will be available online? I wish I could have been there,but I have no life, business has been so good...

Thanks,
Dave



To: Teknvstr who wrote (2150)3/16/1998 6:35:00 PM
From: Kerry Lee  Read Replies (2) | Respond to of 5650
 
Tek, what's your take on today's trading activity> I watched PSIX ( real time bid/ask/volume ) sporadically throughout the day, especially early in the morning ( first 2 hours ) and the last hour. It appeared to me that the stock sold off first thing in the morning on very low volume down to 10 1/8, then it rallied back to 10 5/8 on heavy volume trading ( 200-300K ) before drifting down the rest of the day, then the selling accelerated in the last 30 minutes. Two possibilities come to mind:

1) someone big got out today ( and last Friday when the stock gapped to 11 ) OR

2) we witnessed yet another test of faith / weak hands shake-out.

Do you or anyone else have any observations/opinion on today's activity??? I am mulling over adding to my current position if we see further weakness tomorrow, however I seldom try to catch falling knives.Over the past month, buying on weakness ( catching the falling knife ) seems to have yielded above average short term gains, eg, NMGC, SEEK, BVSN, ANCR, RNWK, CNCX, ARX.