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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: BradC who wrote (7406)	4/18/1999 12:17:00 AM
From: Buckey	Respond to of 62347

Brad - the GLE warrants were sold as part of a share and warrant offereing - imagine if you dumped BOTH.

To: BradC who wrote (7406)	4/18/1999 1:25:00 AM
From: speculatingvalue	Read Replies (2) \| Respond to of 62347

I bought 137,000 warrants at .30 nine months ago. The stock plummeted after a bad quarter and they stayed low from then on. Last week, I decided to average down and bought another 100,000 at .01. Another 100,000 were available at .02, but I left them alone. I sold 100,000 at .15, 37,000 at .30, then had an order for 50,000 at $1.10. The stock started falling rapidly, so I paniced and dumped the whole wad at .80 trying to catch it (the whole time sitting on Scotia infinite hold watching the stock fall on my TD real time quotes). Of course it was a short term blip and it roared up minutes after my sale. I should have been dribbling them, but since they were in my RRSP, I couldn't short to lock in the profit. The warrants were trading way below cash value and Scotia needed notice three days early to exercise them. After watching the stock sit at .90 for a year, .80 for the warrants seemed like a good idea at the time. You have to understand that it looked likely as late as last week that they would have expired worthless. Hindsight is 20/20! Any way, I got back into the stock in a big way chasing it down from $5.20 to $3.10 on Thursday. That made up a bit for the warrant mistake as I was able to sell 1/3 and take all my own money out.