RE:RE:RE:RE:WarrentsI think it also needs to be clarified for new warrant buyers exactly what you are dealing with. To say a warrant is in the money is a half truth. Remember you are paying for the privelage to buy a stock at a cheaper price but you always must add the cost of your warrant.
I bought my warrants in the low 0.40s when stock was at $2. I rode the warrants up and sold them betwen 0.75-0.80 when there was the pop last week prior to recent big moves. Stock only gained 35% but warrants netted 60-75%. Bought for $2.85 and rode that profit up while warrants still languish. They are simply unappreciated and in my opinion are close to max value for my risk.
The suckers are hard to move and people want to make money on the spread so here is where I agree with everyone getting a piece.
0.80 warrant and 2.54 strike is 3.34 all in for something that is called at 3.81. My arguement is money can be made from here to there in common stock and on the invevitable sell off when current institutions dump their shares to excercise.
Anyone who has made money on warrants should sell now and buy the stock. Ride out the last 25% and not risk trying to time selling an illiquid warrant. Leave the last few points to the big inistituions in that final 10-20%.
The only thing that will have great potential is as I said an overshoot of the acceleration price without triggering the clause. So for those who want to live wildly set your asks at say $1.40 for the day excitement carries the stock briefly through or close to the $4 mark.