Please remember, I had three indicators that made me uncomfortable. 1) It dropped from a morning high and never recovered despite high promotion and anticipation. 2) I read a post about a process server in search of a key employee and information about law suits (remember ATRN). 3) I saw an inordinate number of "weeeeeeeeeeeee"s from Psionic, which I also observed with (GYST, COIN, and CARN) while the stock was completely stagnant or slowly declining.
I would have expected to see more activity with the announcement of the merger and the spin off too. So when that didn't happen, I made my decision and sold.
In any event I didn't buy because of Psionic, or sell strictly because of them.