RE:RE:RE:CBW WT Possibly, but they're also for people who enjoy the 2x leverage these warrants give. Both my family and gf bought the warrants, because when they stock goes up 10% the warrants go up 20%, but it also works both ways down.
You'll notice the warrants are trading at a premium right now. Warrant price .65 plus excerciseable price of 1.55 equals $2.20 so anyone buying warrants right now will have to wait for the share price to hit 2.20 to be able to make any money excercising them. Of course they can also just sell them back on the market for a profit before then, just like any other stock
Newshoes1 wrote: Warrants are for people who short stocks. It allows them to push the stock price
down by bombarding it with sell orders, yet at the same time they can buy the stock bu purchasing warrants at the bargain prices they are creating. So when the stock price rebounds (and it will) they will have a made a profit at both ends, by pushing the stock price (and warrant price) down, then cashing in warrant after the stock price comes back up.