Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IFLYW the IFLY-warrants, a REAL VALUE PLAY -- Ignore unavailable to you. Want to Upgrade?

To: LAWRENCE C. who wrote (89)	4/23/1998 4:30:00 PM
From: Lazlo Pierce	Read Replies (1) \| Respond to of 171

Its interesting, when this stock started running, and I first became aware of the warrants, they were actual trading at a discount to the stock. I bot @ 1 3/4 last week, and the stock was at 8 1/4. In fact I posted here whether the 6.25 strike price was correct. I was assured it was, and held. I sold the first batch near the open the next day @ 3 9/16 (the absolute high the warrants traded at. I mention it because I neveer sell at the absolute high :-)). However at the time the stock was at 10. Another example that the warrants traded at a discount to the common. For example, the warrants for IWSI that Kevin has been talking about, have a strike price of 7.20, expiring in 2001. The stock is selling for 4, and the warrants are over 1. So all in all this is a good value, what with the extra time, AND the fact we are in the money. (If it has another run in the next few years that is. :-) Dave