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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?


To: Earl Falwell who wrote (215)5/22/1998 1:35:00 PM
From: Crossy  Read Replies (1) | Respond to of 4142
 
Earl,
this is the first time I could capitalize on an arbitrage-induced disparity btw. 2 instruments. The stock at 0.93x1.00 should have the warrant at HIGHER than 0.50 but it doesn't.

MIDLW right now is the cheapest entry to MIDL. Then is MIDLP. Never seen a warrant trading at a 20% discount to the underlying with a leverage factor of 3..

MIDLW I'm in..

CROSSY