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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?


To: Junkyardawg who wrote (2438)5/23/1998 2:26:00 PM
From: Kurt N  Read Replies (1) | Respond to of 9440
 
>>I missed out on the MIDL pick.<<

Huh??? IMO, it's just getting started. If you do get in, it's probably best to wait for a dip and choose one of the triad (MIDL/MIDLW/MIDLP) that makes the most sense according to GaBard's chart.

For instance at the Friday close you could have bought MIDLW at .45 and MIDL for 1.0312. Warrants cost $.50 to exercise, meaning that it is .0812 under-valued. If your goal was to buy the common the warrant is a better deal, likewise if the warrant was $.60 the common would be the better deal. I think the preferred is still the best deal.

The chart explains this much better, since a picture/chart is worth a 1000 words.

Kurt