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To: HeyRainier who wrote (1239)6/26/1998 11:52:00 AM
From: freelyhovering  Read Replies (2) | Respond to of 1720
 
Rainier--Ref. IFCI. I agree with your hypothesis about holding IFCI unless something truly bearish appears. I have the stock and recently sold the warrants at a nice profit. If the common retreats and the warrants follow, how safe a buy would the warrants be for the possible next runup with expiration in Sept of this year. Are warrants like options, l.e., a shrinking asset as time is expiring or will they hold their value till the end? Also, what happens in Sept when they expire and one is still holding them. I understand there is conversion opportunity if the price is right, but I wonder how much time one had to convert or sell. TIA, Myron P.S.--It sure is quiet on SI today.