Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: chuber who wrote (4480)	4/21/1999 11:23:00 PM
From: Curtis Gruber	Respond to of 5650

What a nice day, and to close so close to the intraday high is great! Psinet been all over the place this week, traders probably made a fortune with all of its wild swings. I am looking forward to great news next week. I am hoping we get some nice buying/continued accumulation up till earnings and then we get some news on the offering or perhaps even a stock split. I wonder why Merrill doesn't initiate coverage even though they have worked with PSIX in the past and are underwriters along with DLJ on this secondary. Sure would be a nice plug to get, like we got with DLJ when we were trading in the $15-$20 range. Nice to get the Gruntal report, although Gruntal and Kaufman, as much as I love em, don't seem to get a whole lot of respect from the street when they upgrade. I don't know how much their report had to do with todays movement, or if it was just a recovery from the sell off, or up in sympathy with competitors and the tech sector or what....but I am glad that we got the nice move. Here is hoping to a positive finish above $60 by friday. regards, cg