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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Steven Finkel who wrote (20085)	2/7/2000 11:30:00 PM
From: George Burdell	Read Replies (1) \| Respond to of 57584

Steven As a holder of LPTHZ, I'd be really really happy if it saw $91, but I doubt it will. The LPTHW warrants turn to dust in a couple of days, and I bet LPTHZ is called within a week or so. Since LPTHW conversion produces a LPTHZ, they couldn't really call the Z until they knew the warrants were in their rightful owners' hot little hands. Since calling warrants sort of sucks a few million in market cap out of the stock (additional investment is needed to maintain price, so LPTHA or LPTHZ is sold to raise money to convert) advocating an initial position in the warrants at this point is not good advice. If a pullback happens after warrants are bought, that wonderful warrant leverage works against the investor and with the clock ticking, there may not be time to recover before having to sell and/or raise extra money to convert. Warrants at this point are fine for a swing trade, but with spreads over $2.25 early today, you could get burned on those too. Buy LPTHA or be prepared to watch your warrants like a hawk. Definitely not for the first time LPTHx investor. ONSSW, maybe?! GB