GREY:MLKKF - Post by User
Comment by
schoron Apr 09, 2009 4:40pm
326 Views
Post# 15909295
RE: Nobody Pannic!
RE: Nobody Pannic!ml.wt last at .59 fv .50.
ml.wt.a last at .60 fv .78.
For ml.wt someone bought at market and overpaid somewhat today. This does not mean the warrants fair value won't be .59 on Monday. When playing warrants, you want to sit on the bid, wait for the asks to fill out a bit and then hit them if they havn't hit you yet. These instruments are not very liquid, it can take days to develop a sell side in warrants, took me 2 days of bids at .18 before there was 10k available at under .24, I got them this morning but I wanted way more.
Buy under fair value, next week some of the holders of these warrants will likely want to sell some. There are probably 1mil+ of the ml.wt that people bought in the .10's that would gladly sell for .30-.40, just need to make them come to you.
Great day today.
Schor