MODA Modacad (Nasdaq: IBUY) Message Board

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Technology Stocks : MODA Modacad (Nasdaq: IBUY)

IBUY 73.44

-2.2%

Oct 30 4:00 PM EDT

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To: jjs64 who wrote (404)	4/9/1999 12:44:00 PM
From: Smilodon	of 409

Yeah, its not a bad deal. Although the value of out of the money warrants have always been interesting to me. I think people often underestimate them. If I was doing this deal, I would still immediately short the stock and thus lock in a small discount for my principle (assumming some slippage). Then, I will depend on my warrants to make any profits. They are at a premium, but they got more warrants than they bought shares. So, it wouldn't take much price appreciation to make a lot of money. And my short position protects most of my invested capital. But, at least the investors must have some appreciation of MODA to make a profit. Just my opinion, Archer

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