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Technology Stocks : Photronics [PLAB] -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (383)	2/16/2000 1:18:00 PM
From: Artslaw	Respond to of 424

Carl, Thanks for pointing that out. I went to MASK's website and found the conversion: 0.85 PLAB per MASK. After today's run, the arbitrage is much nicer. So nice, in fact, that I just bought a bunch of MASK at 28 when PLAB was trading at 39 1/2. Working the numbers, that values a MASK share at 33.575, for a 5.575 difference (20%!). I'll take that any day, particularly when the report tonight may very well address the issue (and thus suck up the gap). In the event that PLAB retraces, it has to fall about 6 points to make to balance it out with MASK at 28. Seems like a good deal. Steve