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Gold/Mining/Energy : Canadian Warrants Only

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To: onepath who wrote (6780)1/4/2009 5:26:55 PM
From: pocotrader  Read Replies (2) of 23093
 
Hello onepath, its koan got me thinking about warrants, usually I like to do all the research I can before I pull the trigger on anything, For my first trade on warrants I bought some Mar.wt because I know the company and when I saw how cheap the warrants were I thought what the heck, for a hundred bucks and change I could get 10,000 warrants, I only ended up with 5000 though, I was the only one to bid that day, with 2 million warrants out I thought Maybe I wasn't so smart after all as nobody else is buying, I used the Black Scholes calculator, thanks to Cd for telling me about it and CL for having a link on her board, it seems to be a great buy, time will tell at the cheap price I bought, not much to lose if it turns sour. The only thing I didn't understand about the Black Scholes calculator was factoring in the interest I left it at 6%.
poco
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