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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (83355)	1/3/2001 3:49:46 PM
From: Think4Yourself	Respond to of 95453

You STILL don't know WTF you are talking about, even after doing your research! You're brain is totally gone. Even your insults are worn and tired. It USED to be fun sparring with you intellectually. Now I just feel sorry for you (note the lack of a "VBG" or "ROFL"). Let's just drop it OK? It's just no fun arguing with you anymore.

To: SliderOnTheBlack who wrote (83355)	1/3/2001 3:56:51 PM
From: JagBrad	Respond to of 95453

Hey Slider how about those bank puts. Sale prices today bought some Mar55-C and some MAR50 JPM cheap. Hope I am early enough. I hope you didn't listen to me and wait on the Gas puts <G> A few more days (maybe hours) and we can buy oil & gas stocks at sale prices for the next rebound. Brad

To: SliderOnTheBlack who wrote (83355)	1/3/2001 4:13:14 PM
From: CpsOmis	Respond to of 95453

Hey slider.... By all means I defend your right to taunt "Q", if that's how you choose to live your life. But, seriously, perpetual warrants, purchased really close to being in the money, (even at .75 your'e only off by a quarter) seem to me to be a good deal, if the value is there for the company. Now, granted, PEX is not a barn-burner situation, but you are still getting pretty good leverage there. For the record, I have 17,000 shares at an average of .53, and I will do quite well by them over the long haul. (I believe, or I wouldn't have dropped the cash) Other than your inimitable good natured humiliation tactics, do you really see this as a bad medium to long term play? Regards, Cosmo

To: SliderOnTheBlack who wrote (83355)	1/3/2001 4:20:00 PM
From: Tommaso	Respond to of 95453

As long as this deal does not fall apart for some reason the value of the warrants is guaranteed at about 50 cents. It's about as close to a riskless bet as one can get in these things--at the present price. I have studied the legalese that describes the warrants and as best I or anyone else can tell, they will remain perpetual and exercisable for an amount of PEX stock equal to $4.71. PEX seems to have very good prospects itself. Revenues and profits on unhedged gas and oil production should be much higher than they already are in the next quarterly report. The stock was up today. biz.yahoo.com edgar-online.com