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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (6936)	5/19/1999 12:15:00 PM
From: KevinThompson	Read Replies (2) of 57584

Rande, Do you have any comments regarding PLCOP and PLCO? It seems that PLCO is getting a little momentum going, possibly on expectations of the website building. But it seems odd to me that the pfds would continue to decline in price. Is it just that many investors do not understand the 6:1 conversion? I want the commons to appreciate - that is where the real leverage is, obviously. And with the pfds declining in price - seems like another opportunity to accumulate some more. But I do not understand the reasoning behind the lack of buying and price decline in PLCOP. Maybe some just do not want to hold PLCOP shares till the conversion eligibility. What am I missing? Thanks, KevinT

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