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Technology Stocks : IFLYW the IFLY-warrants, a REAL VALUE PLAY -- Ignore unavailable to you. Want to Upgrade?

To: SpongeBrain who wrote (170)	12/30/1998 2:02:00 AM
From: SkyDart	Respond to of 171

Congratulations to all who were patient!! A nice Christmas gift indeed. My only regret is that I did not invest more on the warrants. My prediction is that as the stock settles the premium on the warrants will increase just as they did during the last move. Remember, the warrants should not trade at a discount to the stock. And if they do, merely sell short the IFLY stock against the warrants to LOCK in your price. A good arbitrage situation existed a number of times today when the stock was 13 1/2 and the warrants were 6 3/4. Instead of selling the warrants at a discount and letting the MM's Sc---w you, by shorting you actually lock in a price of 7 1/4 for the warrants. Granted, not a windfall, but there is virtually NO RISK in the arbitrage. Good luck all. And remember to take some profits off the table. Jeff