Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 33.62

-4.2%

3:59 PM EST

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To: denni who wrote (48129)	2/19/1998 12:48:00 PM
From: Barry A. Watzman	Read Replies (3) of 186894

It is my opinion that the warrants will probably not drop off much more at all between now and expiration, relative to the stock, but I don't have much experience in this. One warrant plus $20.88 gets you one share of stock. The warrant are currently selling for approximately $21 less than the stock price. If the warrants were to dip to $22 less than the stock price, any market maker that wanted to could make $1 million with ZERO RISK buy buying a million warrants, converting them, and selling the resulting shares. This will hold right up to the "effective expiration day" of March 10th (the last day they trade on the NASDAQ, although they do not technically expire until the 13th). Can more experienced investors confirm this analysis ? It's amazing, that the peak price of the warrants over their entire lifetime may yet be in front of us, even though three weeks from today, they won't even be listed. I had no intentions of staying in with the warrants this long, but at this point another ten days might be worth another ten points.

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