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Microcap & Penny Stocks : MECHANICAL TECHNOLOGY (MKTY) -- Ignore unavailable to you. Want to Upgrade?


To: IJReilly who wrote (493)1/9/2000 2:21:00 AM
From: billkirn  Read Replies (1) | Respond to of 542
 
If this price appreciation continues it might be prudent for MKTY to shut down everything and just become a holding company of PLUG power. What would happen then? Maybe MKTY shares would then correlate directly to PLUG's stock price.
Bill



To: IJReilly who wrote (493)1/9/2000 10:36:00 AM
From: Mad2  Read Replies (1) | Respond to of 542
 
UCOMA represented 1.92 shares of UPCOY presplit and now represents .96 shares of UPCOY.
Friday UPCOY closed at 107 1/4 with UCOMA at 59 3/4.
Assuming 10 bucks underlying in Austar and South American interests, UCOMA's trading a value of UPCOY is 50.
discount = 107-50=57
discount percent = 57*100/107 = 53%
Straddle that anticipates a event can be profitable....in the absence of an event the discount is what the market deems it to be.
I'm a valuation person......I always calculate valuation of things I buy or sell........took a while to recognize that the market has a way of valuing things too.......this is the most important one to understand. Straddle opportunity will develop with MMWW/XPDR....distribution anticipated in 5+months.
Good Luck,
Mad2