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


To: grw5 who wrote (2270)6/2/1998 10:55:00 AM
From: spy hard  Respond to of 4142
 
I have read all of this, and as a rule I try not to ask stupid questions (there are always exceptions). However, I feel that still does not answer my questions.
When stock traded at $1.3 and warrant at $.3 I understood it to be undervalued, my understanding was that market is still basing it on $1 strike price. Now stock is at the $1 and warrant is at $.35 and that is confusing. If the market still figuring $1 strike price it is too expensive and if it is $.5 strike it is too cheap.

Please explain. (put me at peace). Who would sell warrants at that price why are they trading at such high volumes, and why when the price of the stock spike(which happen several times already) the warrant doesn't follow.

Thanks in advance
Best regards