Post by
chrispars24 on Aug 18, 2009 7:16pm
HRG warrants
If you really believe this is a 10 bagger in the next year why wouldn't you buy some warrants to leverage your HRG position? They are way out of the money and offer the most upside should HRG return to even normal valuation based on non biased reports coming from Severstal. Now that the company remains public these still have a chance to recognise value should HRG move to the 3 - 4 dollar range. Warrants are half warrants with 4 dollar exercise price. meaning if HRG should go to 4 dollars with gold going above 1200 this fall... warrants would then be prices at 2 dollars. The time value decreases as we approach the nov 200 deadline but how do you value that when warrants traded at 3- 4 cents not even 4 month ago when HRG was stuck in the 20 -25 cent range......
Comment by
chrispars24 on Aug 19, 2009 4:34pm
ummm yeah. so I finally speak up about something and it gets hammered down. Ok DON'T go for the warrants..Forget my last post and Don't touch the Warrants. THought there may be a sustained pop into the 3-4 penny area after staying public. Instead there was a loud thump being squashed on low volume iwth no bids back to a penny...Sorry for the stupid Recommend!