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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (41512)	2/24/2011 12:49:14 PM
From: robuck	Respond to of 78501

21% of Penn Virginia's float is short interest..

To: E_K_S who wrote (41512)	2/24/2011 1:42:16 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78501

OT: Adding a little now to my PVG position. For me, I'm not calling this a value stock, because I am buying to play the spread between PVG and its March conversion to PVR. There's no safety of principle as I view it for me, because 1)the deal isn't yet approved by both parties (It will be though, imo), and 2), the juicy spread that now exists can close at any time if PVR stock drops while PVG just stays where it is. That'd wipe out the reason for my buying the stock. Recap: PVG to .98x PVR PVG ~ $26.00 PVR ~ $28.51 Deal close: maybe by 2nd week in March.