BUY! PSINET INC (PSIX) Nasdaq

  Report No. 1037    Analysis by: Harry Aloof     MAY 17, 2000

PSINET INC (PSIX-Nasdaq): Technical Viewpoint: From a low of $19 5/8 on Apr 14, 2000 prices rallied, reaching a high of $27 3/8 on Apr 19, 2000. A decline saw prices pull back, reaching a low of $18 1/8 on Apr 27, 2000. Another rally saw prices penetrate resistance, closing 5/16/00 at $30.00. Technicals: MACD Index (MACD): A Buy Alert! was given on Apr 28, 2000 when the solid line crossed the dotted line to the upside. Support: Remains at $24 3/4. Resistance: Is at $33 1/2. Point & Figure: Reversed to the upside on May 1, 2000. A P&F upside reversal takes place at $25 1/2. Summary: Technical indicators have turned bullish. BUY! PSINET INC (PSIX-Nasdaq) @ $30 3/8 Stop: Use a protective stop of $28 1/8. PSINET INC is currently trading @ $30.00 plus $4 7/8 on May 16, 2000. Price Objective: $46 1/2. Risk/Reward: $2 1/4 VS. $16 1/8. Today's Risk Reward Ratio: 7:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$46 1/2 Risk/Reward:
$2 1/4 VS. $16 1/8 Risk/Reward Ratio:
7:1
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