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Non-Tech : Any Stock Warrants
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To: christopher who wrote (78)11/21/1997 4:06:00 PM
From: Topper99  Read Replies (1) of 1916
 
You may want to take a look at BNGOW as an
example of getting hammered. I bring it to this
threads attention as both a learning experience as
well as a potential profitable trade situation.

On 11/13/97, BNGO reported earnings of .12, which was 100%
over the year ago quarter. On the same day, they announced
the calling of their warrants. The warrants were trading
for approxiamately $3.50 at the time.

A half hour ago these warrants hit $.75, but since have
rebounded to over $1.00.

I have been watching this one closely, trying to learn
from the price action it is showing.

I would be curious if others know if this rapid decline in
stock and warrant price is common at the call of the warrants.
A better question, is will the warrants make a strong rebound
before they expire(approx. 12/21/97)? The nimble trader, could
make a few $$$ going in and out of BNGOW.

For those interested, the discussion thread for BNGO is below.
The warrants are also being discussed.

Subject 10438

best to all...topper.
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