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Strategies & Market Trends : Three Amigos Stock Thread

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To: Raymond Hill who wrote (1431)	3/12/1998 5:37:00 AM
From: Cary C	Read Replies (1) of 29382

Ray I still don't know what to expect on PCTH short time. I did buy back my trading shares today on the warrants at 2.5. Anybody thinking of buying PCTH should definitely be looking at the warrants don't you think? With a conversion price of $4.68, there is only a .68 premium right now and they are good for another three years! I have to believe that the warrants will climb at least $ for $. The lowest estimates I have seen for 98 are .45. At a 20 PE that puts PCTH at $9. Even with no premium, that puts the warrants at $4.32. Ant thoughts? Cary

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