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researcher59

06/29/05 12:17 PM

#15079 RE: stock_peeker #15069

stock_peeker: PKZ

I'm surprised by the big selloff in PKZ today. It's now trading up only about $2.50 since the announcement of takeover talks. In effect the government has 'approved' the bidding process, saying only that it might match the highest bid. However I do believe the process will take months, not just a few days as some may have hoped. If the stock dips any further, I'll be buying more calls, although premiums have been driven higher by speculators.