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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Mike E. who wrote (73987)	2/10/2000 9:50:00 PM
From: Mike E.	Respond to of 108040

CNLG, from The Street.com: Late-night staple Conolog (CNLG:Nasdaq - news) rose 3 7/8 to 7 7/8 on 2.2 million shares after announcing the results of its second quarter. Earnings came in at 6 cents a share, beating last year's 12-cent loss. Analysts don't cover the small electronics maker, which has a market cap of just $25.22 million. The company said revenue increased nearly 300%, to $1.7 million from $590,000. Even Conolog's warrants (CNLGW: - news) have gotten in on the act. These traded at the No. 2 most-active spot on Island, gaining 1 11/32 to 2 1/8 on 940,000 warrants. Warrants are a security allowing the holder to buy the underlying stock at a given strike price. Investors usually shy from trading in warrants because of their volatility. In Conolog's case, the warrants expire Aug. 2, 2002, and have a strike price of $6, which means that investors can buy a Conolog share at $6 each for every warrant held. These warrants can be a risky proposition, however, especially if the underlying common shares experience a downturn. thestreet.com mike