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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?


To: John J. O`Reilly who wrote (2131)2/3/2002 1:45:25 PM
From: Smart_Money  Read Replies (1) | Respond to of 16631
 
Last night I was at the Monster Truck show. It had the largest attendance I have ever seen before. The crowd fav without a doubt was Grave Digger. Fans were snapping up Tshirts, lights ect from the booths and availability was limited. If RACN licensed Grave Digger the stock should do well.



To: John J. O`Reilly who wrote (2131)2/3/2002 6:33:29 PM
From: Bruce A. Brotnov  Respond to of 16631
 
John, I wasn't aware of the warrants and haven't played that area for a while. Let me know if you find out the details as it sounds very interesting if they are near par value.

Ok, I just saw your next post, but there should be a conversion factor. There should be a price to go with a warrant = 1 common share. Or even 4 warrants + ?? = 1 common share, etc. There must be a formula to go with the increasing price that kicks in once it hits par value. I'm not sure the post on Yahoo has all of the info. Agreed the April is pretty soon, but if RACN is at par value with the warrants, it might be a short term play of 4-6 weeks. I don't like to compete with the arbs once it gets within 30 days of the call. Of course they might extend the warrants in the future as that often occurs.

bruce