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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: Ron Pratt who wrote (727)5/26/1998 12:45:00 PM
From: James Mitchell  Read Replies (1) of 4142
 
There's a difference between trading the warrants and converting the warrants. Any warrants can be traded like a regular stock, as your ebroker indicated. However, as I understand it, that is entirely different than converting the warrants, which has to be done by calling a live broker. Why would you want to do one over the other?
You have to compare the price difference between the warrants and the common. Sometimes, though it seems rare, it pays to convert. It is also more of a hassle to convert.

At the high point of the xybr/w frenzy, there was a small window where converting would have netted me more money than trading the warrants. But the time frame was so small, I might not have been able to do the conversion quickly enough to catch the price difference. I just traded the warrants and still made good money.

Anyone please correct/add to this scenario.
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