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: Ga Bard who wrote (1503)	5/29/1998 3:23:00 PM
From: Jay Lowe	Read Replies (3) of 4142

>> It will get interesting as the warrants dry up Damn! Now THAT'S an interesting idea! Why didn't I think of that. Heck, we know the warrant authorization level, yes? Something above 5M. I see volume today at 1,423,000. Have you got access to anything that will give us history on the warrant volume? I'm thinking we could estimate pretty much WHEN these warrants will dry up and then ... Yee Hah! If it's true we've had three days at about 1.5M warrants, they must be getting be close to the end ... except for whatever level is circulating among the traders. Boy, if the MMs aren't keeping track of the warrant supply and are short the common covering ... they are gonna find themselves in deep kimchee in a big hurry. They'll call for warrants and guess what ... the cupboard will be dry and they'll SCREAM IN AGONY as they start buying the common back hand over fist. We will HOOT IN GLEE as the common ticks up on every trade. (My enthusiastic fantasy for the day).

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