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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (9600)	10/18/1998 4:20:00 AM
From: Prof	Read Replies (1) \| Respond to of 29382

Sergio, I've been a PSIX watcher for some time (Max? I think you were in that too at one time?) I try to use both FA and TA to limit the amount of trouble I get into (doesn't work all the time :). So- the news is good; the fundamentals are good. IMHO, the big problem with PSIX has been investor difficutly in associating it with any specific internet sector (i.e., it is not an ISP like MSPG, etc; it is also not a CSCO or ASND;nor is it a "portal" wannabe like NSCP.) So what is there to compare it to? There has also been the flurry of acquisitions (they seem to be buying somebody every day :-) It's run-up earlier this year was pretty much solely driven by takeover rumors (which are still alive BTW.) But this may be changing. They have helped create some name recognition (I think) in the last few months with a decent ad campaign on CNBC. Articles like the one you posted are the stuff of 'story stocks." They have a core loyal investor base that reminds me somewhat of the early Dell-heads and People-Softers. The chart is also looking much better of late: timely.com PSIX appears to have a pretty solid support line around $11 and pretty solid resistance at about $14. However, the Stochastics show %K crossing above %D, giving a buy signal. The stock is well above the 200 DMA of 11.97, and just under the 40DMA of 13.45. Trend (excepting the mini-crash early this month) has been higher lows. All in all, PSIX is coming around. I'll leave it to those on the thread who have the tools to determine specific best entry point - but I'll be looking for one more dip below $12. Hope this helps. And please - if I have read the chart wrong in any way, tell me where I'm full of crap :-) I'm still learning this TA stuff, and won't learn it correctly if no one points it out. Best, Prof