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Pastimes : ClownBuck Deathwatch

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To: patron_anejo_por_favor who wrote (73)12/26/2000 11:22:58 AM
From: Tommaso  Read Replies (2) of 329
 
Thank you for posting this when you did. I am holding a bunch of the warrants and of course wish I had bought more. Nothing I say here is likely to pump up the warrants' price, so I would like to point out that given the rise of Euro from .86 to well past .93, the premium on the warrants at $4.625 has actually shrunk. At least, when they were offered at .86 strike, selling for $3.875, the warrant had no underlying value at all. With the Euro at .93, the warrant has intrinsic value of $3.85 but is selling for less than a dollar more than its intrinsic value.

There must be very little confidence that the Euro is going to go much higher.

The warrant is a better buy now than when it was issued. I may have talked myself into buying more.
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