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

To: Jason Flora who wrote (5946)4/19/2002 2:49:03 PM
From: Bruce A. Brotnov  Read Replies (1) | Respond to of 16631
 
Jason, I believe John O'Reille said it was 2 August in a note yesterday or the day before. He also gave me the terms which looks like it is about par and thus going one for one with SMID. You can look back to earlier notes for John and catch the specifics.

The risk with warrants is an early call, but when they are "par" I almost always go with the warrants over the common as long as they are more than 60 days out.

Bruce



To: Jason Flora who wrote (5946)4/19/2002 3:48:44 PM
From: John J. O`Reilly  Respond to of 16631
 
SMIDW have been extended to expire 31 Aug 2002
They are exercisable at 0.60 per share. If you subtract 0.60 from the price of the stock that gives you the actual value of the warrant as you may already know. If warrant is selling over the actual value than that is it's premium price. That which folks will pay over it's value if they think it is going to go up. Have to sign off there is lighting in the area.


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