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

To: Randy Tidd who wrote (2268)	3/27/1998 5:25:00 PM
From: JAMES P. McVEIGH	Read Replies (1) \| Respond to of 5650

The price has gone up over $5.00 in just over 3 weeks. From a price range in the $7.50 to $7.75 area back then, this is a monster move that reminds me of the quick move about 1 1/2 years ago that took it from the $9.00 range to $14.00 in a few weeks, followed by the bottom falling out. I lost some of my courage and took some chips off the table today. I'll leave some money in there in case it keeps moving, but I fear a near-term correction. I have more faith in moves that are gradual and shake out the sell orders gradually on the way up. This has been a wild ride over the past 2 years, and it looks good for PSIX over the long haul. Meanwhile, there is likely to be some profit taking on this quick move.