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

To: Sandie who wrote (2162)3/12/1998 3:13:00 PM
From: Adam Smith  Read Replies (1) | Respond to of 5650
 
Strong Breakout signals!!

Will check my sources to see if takover rumors are circulating.
Amerindo overhang gone for sure.
New blood investing.
Looks very good technically and short interest is high.

Short Interest
Date Short Int. Avg. Vol. Short Interest Ratio

02/98 1,945,925 1,022,198 1.90 ÿ
01/98 1,490,477 489,926 3.04 ÿ
12/97 1,518,821 294,831 5.15 ÿ
11/97 1,337,832 433,144 3.09 ÿ



To: Sandie who wrote (2162)3/12/1998 3:34:00 PM
From: wtett  Read Replies (1) | Respond to of 5650
 
Sandie,
I wouldn't put too much emphasis on the short interest. I wondered a lot about that and after the stock sold off as much as it did with no covering, I concluded it must be related to some derivative transactions. You know, some firms specialize in converting large insider positions to other instruments through options, etc. I suspect there's some of that in the short interest. If that's what it is, that large short position would be fully hedged.


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