Arcon Energy (MIDL Presently) The Ultimate Sleeper Message Board

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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper

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To: Almost Blue who wrote (838)	5/26/1998 8:42:00 PM
From: Due Diligence	Read Replies (1) of 4142

I just got off the phone with my broker and asked the timeframe on exercising the MIDLW. Was told about two days after the order. Now I may be stupid, but try this on for size. Say you want to make a decision to buy 1000 shares of MIDL vs. MIDLW. MIDL 1000@ $1.46= $1460.00 MIDLW 1000@ $ .56= $560.00 + Exercise .50 x 1000 shares= $500.00 The cost of the exercised MIDLW brings the cost of MIDL @ $1.06 and the gain is .40 per share or $400.00 per thousand shares at today's prices. The MM's have been doing this today and making a fortune, me thinks. Also exercising the MIDLW will bring up the price as the float of MIDLW dissapates. If you sell the MIDL to do this, it will drop the price of the MIDLW too,so that is not a option. Any Comments? The "P" is even a better scenario for the individual investor. Jimbo

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