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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ronald J. Clark who wrote (615)	4/20/2001 2:53:51 PM
From: Tommaso	Respond to of 206329

The behavior of SMOP has defied logic for so long that I hesitate to apply logical analysis to it. But logically, if PEX holds at $10.50 or so, the thing to do is to take the PEX stock. PEX has the option, for their part, to issue as much stock as people will take; the are committed to a minimum amount. I would think that it would be to their advantage to conserv cash. They said they were going to be buying SMOP stock and warrants on the market, but to judge from the sluggishness of the rise in SMOP they have not been buying much. I am going to be tempted to take everything in PEX stock and go on holding it. PEX itself looks like a possible takeover, and it has a very attractive P/E.