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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?

To: Philipp who wrote (2051)	7/23/1998 5:14:00 PM
From: Wayners	Read Replies (1) \| Respond to of 8307

PSIX is not a long term play. In fact, I will exit on any gap up tomorrow in the stock. I'm simply holding overnight--hoping to catch a gap and make back the lousy 3/8 I lost on it a very long time ago. I had bought PSIX near a support level and PSIX broke through the support and I didn't take my losses. I rode it down and back up over a long period of time and finally got almost everything back except for 3/8 (might have been 5/16--can't remember exactly). I've seen the news and am skeptical as well. I know the particulars of the IXC deal and seems to me IXC will be getting a lot of PSIX shares in order to pay for use of their OC-48 backbone. Major dilution for shareholders--that nobody is willing to talk about. I wonder who the investment bank was that helped in the IXC deal. I bet they are one of the ones touting the stock now because PSIX has to be at a certain price--seems like it was $28 by about Aug/Sep 98 (lo and behold--same as the target) in order for the deal to go through as stated in the original release. Its something like that. One risky speculation for me at a time also.