GREY:NMKEF - Post by User
Post by
MoriaDwarfon Aug 06, 2016 9:23am
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Post# 25116431
WAR ANTS
WAR ANTSHi everybody,
I purchased a few thousand warrants a couple of weeks ago at 0.35, thinking they were a good buy since the NMX share would certainly be above $1.50 before long. But now, I'm not so sure I understand how they work... The warrants must be exercised if the share price stays above $2.25 for a certain amount of time (Can't remember right now if it is 2 or 3 weeks...). My cost per share would be $1.50 + 0.35 = $1.85. If the share price were to hover around, say, $2.30 during the period when I have to buy, my profit would be 0.45, or 24% of $1.85... Not too bad if these conditions are realized soon enough. But then, I could also make the same 24 % profit by selling my warrants at 0.435...
I guess my question is:
What should be my strategy to make the most money with these warrants?
Any help would be greatly appreciated ...:-)
MoriaDwarf