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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: thwerth who wrote (1321)	11/13/2007 1:42:49 AM
From: chuckmicro	Read Replies (2) \| Respond to of 3862

I start buying as a speculative bet on cheap warrants. I tend to buy heavily if the warrants are cheap and the management has a big investment in the company (own lots of warrants, loan money to the company, continue to buy warrants/stock on the open market). This doesn't always work. I was stuck when Oracle Healthcare Acq OHAQ.ob flopped when it couldn't finalize an agreement with its acquisition. Here, the two main insiders had purchased $500,000 worth of warrants in the IPO. I never expected them to give up so easily. I don't have the ability of determining which have good management or bad management. If I buy cheap enough, one good winner will make up for two or three losers. Chuck