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Non-Tech : Any Stock Warrants

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To: skywalker44 who wrote (1808)5/21/2009 12:52:58 PM
From: skywalker44  Read Replies (1) of 1916
 
Neostem Warrants (NBS-WT) Revisited

Shares just hit a 52wk intraday high of $2.17 for this biotech startup. Warrants have not traded today. I see a very wide bid/ask spread of .0201/.07 on NBS-WT at present; bid size of 2400 and ask size of 100. Exercise price is $6.00 and the warrant expiry is 7/16/2012. Share price is very volatile. I'd expect the warrants to move higher from the current level. If one were to pick up warrants at 7-8 cents, let's say, it's hard to gauge whether the bid price would move up to 5-6 cents or so. The lack of liquidity is a downside in my eyes, so I'm not a buyer of the warrants under current conditions. Will keep an eye on this one in the meantime.
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