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Politics : Ask Michael Burke
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To: BGR who wrote (60784)5/26/1999 5:24:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
BGR, Actually, the people who buy the put warrants are buying them at a bargain because the co. cannot do these transactions in public. They then hedge their purchases with sales of higher priced, shorter lived puts in the market. It is a no risk arb for the buyer.
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