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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?


To: Ga Bard who wrote (2562)6/5/1998 8:33:00 AM
From: Oscar  Read Replies (1) | Respond to of 4142
 
Very good point Bard. I have picked up a few shares of P this week on the optimistic hope that they still might qualify for the forward split of P x 1.5 x 35 common, like the shares purchased last week will. But that is just an optimistic gamble. At this point you might have to say that for non-gamblers, the W is the smartest play again. At least they'll be sure of what they have, and I for one would not worry for a moment that there will be any short-circuiting of the 50-cent exercise deal: it just can't be done under the rules.

Long on Ps and Ws.

Oscar