Originally Posted by
Buck Rogers
Intresting..Too bad Tegridy got his feathers ruffled. I would have liked to hear his opinion on this
Oh well
The market is full of ways for people in the know to make big profits. This is why I said don't listen to Buffet's BS earlier in the thread. Warrants have made almost half of his billions over the years. When he says buy and hold index funds he is protecting his turf. Within the past 52 weeks those Romeo warrants traded for as low as forty cents. If you bought them at .40 and converted and sold them on opening day at 30.00, well you can do the math. If you like the stock buy it back when it settles down and reaches equilibrium. Or you could sell the ten puts and see if it comes to you.
EDIT: The real gain is just selling the warrants. .40 to 10.47 = 26X