This just doesn't compute?How the warrants are trading at this level, makes no sense. I'm long these warrants, but the fact that they haven't moved during this last run-up has me questioning the ability of this move to hold.
At this point, if I add any more to my position - I will do so through these warrants. They are receiving no time value and the amount on the ask is just weird.
I dont buy that the market doesn't understand these vehicles. I get that the public does not have the same familiarity as the houses, but I'd mimagine the majority of the warrants are still in the hands of people with deeper pockets that us.
like I said, if I do buy more, the warrants are a no-brainer imo. Of course they normally would carry more leverage to the downside (in normal times), but at this point - the stock could retrace and there should not be major downside, one would think (at least to $1.80).
It's my belief that if there is continued momentum to this most recent run, the warrants are going to fly. However, the fact that they traded the way that they did last few days has me really skeptical.
Either way, I'm content with the position that I've built in these warrants, so I have no problem continuing to hold - especially given that they still have almost 14 months left to expiry!