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To: tyc:> who wrote (44313)7/8/2007 7:05:46 PM
From: koan  Respond to of 78422
 
You are right tyc, I did it in reverse, no wonder it looked so good-lol. I will see if I can figure it out.



To: tyc:> who wrote (44313)7/8/2007 7:19:54 PM
From: koan  Read Replies (1) | Respond to of 78422
 
IMG wts: tyc, they still look like a huge bargin. The wt page says they should be worth $2 and they are .86?? They are deep in the money even multiplying 2.3 X's .86 = $1.97, plus teh $3.75 = $5,72. The stock is $8.30.

What am I missing here? This shouldn't be?? I checked the Canadian wts figures against BWR and they were right on the money??

Got up early and am tired, but that certainly seems worth investigating.

Very puzzling??

Where is Euclid when you need him-lol?



To: tyc:> who wrote (44313)7/8/2007 7:35:53 PM
From: koan  Respond to of 78422
 
IMG wts: well I had a thought tyc, the IMG chart looks terrible. Maybe people figure IMG will keep going down until expiration time comes making the wts worthless?

That would only make sense if one cannot exercise them now.

That is something I do nto know. If people can exercise them now then with the wts so deep in the money one would expect arbitragers to buy the wts, exercise them and sell the stock?

I am baffled.