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To: Randy Ellingson who wrote (85900)	12/1/1999 9:14:00 PM
From: KeepItSimple	Respond to of 164684

>Just wondering how much of your optimism on PCLNB's share price is due >to future profits, and how much is due to details of share availability, >short count, etc. It appears you have been away from the market for a few years. Let me fill you in on a few things: Almost none of these companies will ever make a profit. Most have no fundamentals whatsoever. That doesn't matter. Share price is all that matters, and as such it is the target of all corporate and analyst effort. A short squeeze is the "holy grail" for an internut stock, and whenever you see one, join in. If you don't buy a stock just because it is an obvious unprofitable sham of a company, you will not make any money in this market. This is the New Era.

To: Randy Ellingson who wrote (85900)	12/1/1999 10:36:00 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 164684

I don't know the remaining percentage Delta owns, and as part of the deal with the new carriers, each airline's ownership is "in line" with Delta's. There are also new warrants to Delta as part of Delta's agreement to sell off part of their stake and go along with opening the bidding. I don't know what this arrangement spells for the other agencies, and I really don't think it matters. The only reason I ever buy a stock is belief in fundamentals. The high short interest is a great indicator of sentiment and would be a terrific boost should a catalyst come along.