NIFTY NINE IN NINETY NINE PLUS ONE Message Board

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Non-Tech : NIFTY NINE IN NINETY NINE PLUS ONE

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To: Arthur Radley who wrote (153)	1/17/1999 2:39:00 PM
From: Mike McFarland	Read Replies (2) of 613

Thank you very much Dude for posting that! I will enjoy my fifteen seconds of fame...and now point out for the thread that the ariaw cheat was a cinch--since it happened to close the year on the bid price of 1/8th. I think the ask is usually up around 3/16ths. fyi, and I've pointed this out before...I had bought a bunch of these warrants last fall at an average cost of 1/4...and I have since sold half of these things around 1/4...while increasing my position in aria to a "two-thirds" of what I consider to be a full basket. If aria has a nice run, say it doubles over the next few weeks, I'd expect the warrants to get up around 1/2...but they are not a good investment. Unless the company extends these critters, they expire worthless in May. I hadn't intended to cheat with ariaw...it just worked out that way. Of course if they're worth zero at the end of the game, it will come back and bite me. --Mike

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