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To: John S. Baker who wrote (1180)5/12/1998 6:05:00 PM
From: Zbyte  Read Replies (2) | Respond to of 4783
 
I dont understand your point... Please explain...



To: John S. Baker who wrote (1180)5/12/1998 7:10:00 PM
From: Tim Luke  Read Replies (3) | Respond to of 4783
 
Being a day trader myself I find it hard to believe day traders are making all this volume. With the bid and ask spread so close how are these guys making money?

What are they making 500 bucks on a 100k Block? Doesn't make sense to me.



To: John S. Baker who wrote (1180)5/13/1998 12:21:00 AM
From: TraderGreg  Respond to of 4783
 
You are correct. If it is a cash dividend, you can simply pay it and avoid the need to cover your short position, but a stock/warrant appears to be a dividend that can only be covered by covering the stock or buying that warrant from someone.

TG


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