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Strategies & Market Trends : CXI-Commodore Environmental -- Ignore unavailable to you. Want to Upgrade?


To: KewlHand who wrote (1462)1/1/1999 11:53:00 AM
From: Lou Farrell  Read Replies (2) | Respond to of 1755
 
I agree completely Kewlhand. My entry into the warrants began because of one of your earlier posts. Thanks very much, you've always posted solid information.

My intermediate target on the warrants is .25-.30 on a CXI share price of .75-.80. I've had GTC orders in with two different brokers at 1/32 for several weeks, but fills are few and far between. I actually got two partials at only 100 wts each! But I figure any warrant at 1/32 is an immediate double, and I agree the 1/16 is still very attractive.

In thinking about the CXOT transfer to COES, I can't decide if CXI won or lost. A major improvement in the balance sheet could be just what we needed.

Regards