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Technology Stocks : IFLY - travel sales on the web pure play

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To: Secret_Agent_Man who wrote (64)4/9/1998 7:56:00 PM
From: henry jakala  Read Replies (1) of 4761
 
wouldn't the appropriate valuation for the warrants be better
calculated using Black-Scholes ?

after all it is essentially a long term option

however - since it is already in the money and likely to be called
rather soon the MMs seem to have discounted most of the time value
associated it
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