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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (13240)	6/30/2003 1:16:06 PM
From: marcos	Read Replies (1) \| Respond to of 39344

wrm/wrm.wt/wrm.wt.a - could the long-warrants short-common strategy be getting unwound? ... there was a fair bit of this, it was said ... week before last there was big volume on the original warrants, today a big CIBC cross on the dot A model, 966k [CIBC total sells 1000k] ..... hmmm, eh .... the warrants are not cheap but they have near four years left in them, still by the time they're solidly in the money from here the common will be marginable which gives you leverage that way with no time decay whatsoever, still the warrants are cheaper, still they're well out of the money and going to expire one way or the other, still they're cheaper .... aaargh, it's all too much, i'm just going to leave some warrants tucked away and think about something else, maybe trade the common off the chart from time to time