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Strategies & Market Trends : Pump and Dump

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To: RockyBalboa who wrote (55)9/2/2001 4:39:01 PM
From: flint  Read Replies (1) of 149
 
Its great to have a Warrant expert here. I want you to review my numbers. Going back and using the closing price on 7/31 as the excise date. Then using the stock decline up to 8/17 I come up with a total lost of 47% . Thats purchasing the warrants on 7/17 for $3.80 and excising them on the close of 7/31. Then losing more money as the stock slide below $19. Of course it would take balls of steel to wait untill the last few minutes of the excise date to close. 10 to 1 says most people excepted a larger lost. Those that bought the warrants for over $5.50 a day on 7/18 were wiped out.

I mistakenly used my 30 day closing date for the excise date. When you don't actually own the investment these thing may slip you mind. I'll wait for your calculations before making the correction. Please spell out everything you do in your calcs. I am not nearly as smart as you.

Again thanks for your brillant input. I can see you know everything there is about warrants.

Flint
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