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Technology Stocks : PTET - Platinum Entertainment...the next KTEL??? -- Ignore unavailable to you. Want to Upgrade?

To: HungryMan who wrote (136)	6/30/1999 6:47:00 PM
From: Steven Messina,L.M.T.	Read Replies (1) \| Respond to of 167

It appears HITS will open at a premium above $14/sh. As far as I can tell, PTET should trade in "sympathy" (hate that term) with HITS. Actually it's not an actual "sympathy" play, as PTET holds approximately 800,000 shs of MusicMaker.com. My math calculates a $50,000,000 Market Cap in PTET if HITS indeed runs well above the IPO price of $14/sh. I would have liked to have seen more volume in PTET today, however there are many still oblivious to the fact Platinum holds 10% of MusicMaker.com shares. Here's to the crew at CNBC tomorrow making mention of PTET prior to the HITS ipo. We are indeed in for a run into the $9 range on such mentions. I, for one, hope HITS ipo's around noon or 1pm, giving CNBC enough time to pump up the jam. Best of wishes to all PTET longs. Steve