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To: speculatingvalue who wrote (6825)4/13/1999 3:08:00 PM
From: Kevin Hamlin  Read Replies (3) | Respond to of 62347
 
You may have a very good point here Steve. Anyone with a warrant would be in contact with their broker. The broker would probably offer the suggestion to short it to lock in profit...an option many would take I assume. IF this has been what has been going on, and is now ending...then the updraft has the potential to be very strong.

And then factor in the Chief's notion of those who bought the warrants at a higher price and now are "out money". They won't be selling either.

The other factor in this is that if there are all those shorts now out there...there's going to be one hell of a "coverfest" at some point too!

Still thinking on this one...but starting to like the thought!

Kevin