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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO

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To: Sergio H who wrote (211)	5/10/1999 10:07:00 PM
From: Ken W	Read Replies (1) of 1316

Sergio, A little more DD on PQT (short) position. On April 16 they filed an S-3 to sell 11 Million shares from time to time in the open market, alluded to the fact that they may very well be de listed to the otc-bb if not profitable by year end. The S-3 is available at Edgar.com The filing for the sales of this many shares nearly doubles the outstanding on the stock, the majority of which is held by Pico Holdings....Remember PICO at 7. We tried to understand the 10K but it was such a paper trail we gave up in frustration. PICO was also involved in the REXI mess. Ken

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