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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Bob who wrote (63513)9/30/1999 5:18:00 PM
From: R.E.B.  Read Replies (1) of 90042
 
I just called the company and spoke to media relations. He said that yes indeed the large short position has to do with the convertible debentures. He referred me to John Goodyear (sp), Treasurer, for a complete explanation. I called John and all I got was a recording. It appears as though that office may be closed.

I inquired about Pioneer and fundamentally why their stock is lower than other companies. I was told that they use 15 criteria (financial analysis) in comparing themselves to their peers. PIOS beats them all in 13 out of 15 financial categories. I asked about the move today and I was told that it was largly due to the market rebound in general, plus the lack of shares for sale on the market.

I asked about PIOS going forward and I was told that "everyone is very positive an excited about the future of Pioneer and one day the stock will follow the success of the company." I was told that the ranking system used is based solely on the analysts recommendations averaged and that is how they are ranked..... which is as accurate as a ranking based on fundamentals. Some analysts have not written a report or changed their recomendation for 6 months or longer.

Anyway, you may be right about that resistance. I'll give it a few more days and see what happens.
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