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Non-Tech : BJ's Restaurants Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Lhn5 who wrote (598)	10/9/1999 6:44:00 PM
From: Robert T. Quasius	Respond to of 865

Comparing the risk versus reward of stock versus warrants, you have to consider the potential for the stock price to exceed $5-1/2 by mid-2002. At less than the strike price of $5-1/2, the warrants expire worthless. Based upon the $1-3/4 stock price now, I think buying the warrants is very speculative right now. I hold mine only because my position isn't worth much, and there is a huge spread between the bid and ask. Of course, if the stock price would run up to $3 or so in the next six months, we might see the warrant price revive somewhat. Wall Street is sure ignoring CHGO!