Heheh, probably not...but then there is
a lot of paper traded on Wall Street which
is worthless, you just have to find buyers
--I suppose all my microcap biotech stocks
look pretty bad, none have any revenue to
speak of, the deals they have with pharma
are complicated, the royalty rates are
surprisingly low--but it's all hope and dreams
isn't it? There will always be buyers for dreams.
And occasionally, something real happens.
Imagine next week Ariad annouces several
partnerships for new ARGENT based therapeutics.
Boom, the stock is $5 and the warrants are 3/4ths.
So which gives you the best bang, the stock or the
warrants, suddenly a dime is looking pretty sweet.
Maybe I am full of crap, maybe I have a limit order
to buy another 50k of those at 3/32 and the MM each
day tries to work it because I think it is funny
each day to select the fill-or-kill radio button,
heheh. What would you think if you saw a million
of them trade tommorrow at 1/4 and the name
Entremed appeared on this thread--and not from me.
It's all bullshit, half the time I am bull-
shitting myself, but it does not matter--as
long as you have some fun with it. I am.
All kidding aside, yes you're absolutely right.
No reasonable person would throw money at was
essentially a way-out-of-the-money call option.
And I reserve the right not to be reasonable. |
