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

To: Big Dog who wrote (1593)5/29/1998 11:20:00 PM
From: MKTBUZZ  Read Replies (1) | Respond to of 4142
 
I think he means converted to common.



To: Big Dog who wrote (1593)5/29/1998 11:27:00 PM
From: Osiris  Read Replies (2) | Respond to of 4142
 
As the MM's continue to short the stock and cover themselves with the warrants, the price fluctuates and investors buy the warrants on the dips and exercise to realize the margin between the common and the warrants + .50. This seems to be possible only for a finite amount of time (ie. the warrants dry up).

O


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