MECHANICAL TECHNOLOGY (MKTY) Message Board

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Microcap & Penny Stocks : MECHANICAL TECHNOLOGY (MKTY)

MKTY 12.23

+4.4%

Nov 1 5:00 PM EST

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To: IJReilly who wrote (493)	1/9/2000 10:36:00 AM
From: Mad2	Read Replies (1) of 542

UCOMA represented 1.92 shares of UPCOY presplit and now represents .96 shares of UPCOY. Friday UPCOY closed at 107 1/4 with UCOMA at 59 3/4. Assuming 10 bucks underlying in Austar and South American interests, UCOMA's trading a value of UPCOY is 50. discount = 107-50=57 discount percent = 57*100/107 = 53% Straddle that anticipates a event can be profitable....in the absence of an event the discount is what the market deems it to be. I'm a valuation person......I always calculate valuation of things I buy or sell........took a while to recognize that the market has a way of valuing things too.......this is the most important one to understand. Straddle opportunity will develop with MMWW/XPDR....distribution anticipated in 5+months. Good Luck, Mad2

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