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To: Mad2 who wrote (492)1/9/2000 1:31:00 AM
From: IJReilly  Read Replies (2) | Respond to of 542
 
Mad2-

I'm familiar with the UCOMA/UPCOY situation, but I don't think that discount ever got much more than 35-40%. We're talking 60% here; and granted there is some risk on the upside, but if done on the proper ratio you won't get hurt too bad assuming the discount comes back up to 30-40%. At the very least, it's the poor man's way to short PLUG.

IJ