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Technology Stocks : Plug Power (PLUG)
PLUG 2.515-4.6%3:20 PM EST

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To: BayTay who wrote (84)1/8/2000 1:13:00 PM
From: professor  Read Replies (2) of 783
 
greetings,
Saw PLUG traded down in afterhours closed at either 72 or 73 from 78.

MKTY was up to $38 from $35.5 close.

Still, trying to understand this wide spread. According to my calc every one share of MKTY should equal about 1.15 of PLUG. Also, MKTY owns 16% of SATC. So there is a huge discount, hopefully the others will notice the arbitrage that can be made. I am not sure why the discount should be in excess of a 100%.

PLUG = 72 x 1.15 ratio = $82.8 / share value for MKTY.

Remember do your own DD.

Prof.

disclosure: I am a holder of MKTY and not PLUG.
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