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To: Jan Crawley who wrote (79941)	10/7/1999 11:05:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Jan, I thought Dscm might be a buying opportunity last week when it got down in the low 30's, but look at this. The only thing I think Dscm has now got going is the fact that the $billionaire insiders aren't selling. Sold 1500 shares yesterday. Only 500 left. It was fun while it lasted. Don't short it and get caught in another short squeeze.:-) >> NEW YORK (AP) - CVS Corp. and Merck-Medco Managed Care L.L.C. announced an Internet alliance today that will enable Merck-Medco's 51 million health plan members to purchase over-the-counter medicines and prescriptions over the Internet. CVS.com will be the exclusive Internet provider for Merck-Medco's members. As part of the deal, Merck-Medco will acquire up to a 10 percent equity interest in ProCare, CVS's specialty pharmacy company, the companies said in a statement. Merck-Medco members ordering prescription drugs will have the choice of picking their order up at a CVS store or receiving it from a Merck-Medco mail service pharmacy. The agreement follows other online drugstore deals such as those between Rite Aid Corp. and Drugstore.com, and PlanetRx.com and Express Scripts Inc. Merck-Medco is a subsidiary of Merck & Co. Inc. based in Whitehouse Station, N.J. CVS, based in Woonsocket, R.I., is the nation's second-largest drugstore chain in terms of sales.<<

To: Jan Crawley who wrote (79941)	10/7/1999 11:13:00 AM
From: Glenn D. Rudolph	Respond to of 164684

OK!! The way I see Pcln: 1. Orig. IPO float, 10M shares in Feb/April, 99 2. Trading @$165 in Arpil/May with short interest of 300K shares. 4. Then Delta unloaded 2M shares and other insiders sell(via a secondary) and increased the float to 12 to 13M shares and increased short interests(9/99) to over 6.5M shares and cut the stock price to low $50s/$60s. 5. With the current heavy short interest BUT a very heavy OVERHANG, it's sorta an easy stock to go long/short in small and quick way. The overhang is about 10M shares between now and Feb/2000, and 50M shares after 2/2000. There is plenty of outstanding shares; up to 146M outstanding Pcln shares. Jan, You are very good at your research and understanding. Thank you for the run down. Glenn