Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?

To: Arcane Lore who wrote (3469)	1/3/1999 8:28:00 PM
From: Arcane Lore	Respond to of 4761

For fair balance, here's a correction to one of my earlier posts: The differences between the closing prices of the stock and of the warrant over these four days were: 12/31 6.125 (time premium = -$0.125) 12/30 6.125 (tp = -$0.125) 12/29 6.063 (tp = -$0.187) 12/28 6.125 (tp = -$0.125) In theory the difference should be at least $6.25, however this theoretical value does not take into account transaction costs (commissions, bid ask spreads, etc.). In addition the closing transactions for the stocks and for the warrants may have taken place at slightly different times. (from my #reply-7073495 ) Oops - mea culpa time: The difference should be at most $6.25 and all of the time premiums are positive numbers (either +1/8 or +3/16). The small (but not negative!) time premiums may indicate the market believes that forced exercise is very likely if the stock price in the six trading days meets the criterion discussed in #reply-7067104.