DELIVERING DISCIPLINED GROWTH

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Message: Re: NI Price 17.25 US
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Jan 21, 2009 05:32AM

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Jan 21, 2009 08:42AM

I also hold all the warrants I received and can't believe they are trading as high as they have.

Here's a good site to get info on warrants: http://canadianwarrants.com/

For the life of me I still can't appreciate why anyone would pay $6 for the right to purchase a share that is currently trading at 22 at a price of 32. The few times that I have been involved with warrants they were all "in the money" and the value was mostly based on the leverage aspect of the SP being in excess of the strike price. That always made sense to me. Then again its the same group of people that dreamed up all those complicated derivate that nobody understood completely and that have blown up in everyone's face.

Anyway can't complain - at least its free $ in my mind.

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