RE:RE:XLY.WT.A are very undervalued compared to other XLY warrantFundy13 wrote: HereForGood wrote: Both warrant plays don't expire until next year, and are ony seperated by a few months. If you look at the chart patterns for XLY/ this sector, you know that if a run is coming....it will DEFINITELY be happening before the year is over.
My guess would be a nice pop in XLY share price by summer. If not by then, it should be coming sometime around Oct 17 (the introduction of edibles and oils), and heading into the end of year santa rally.
Where do you think the small warrants will trade when XLY hits the 1.50 range? Last time they were at 60 cents.
Food for thought
Jan 15 vs May 31 is a lot of time, expecially when you need to hit $1.90 to break even on teh January warrents. The stock has to more then double for it to be profitable to hold them until maturity. If I owned them I would be looking for an exit point to move into the actual stock.