Comparing RVX with RVX.WT & RVX.WT.A
posted on
Jun 22, 2019 10:13PM
Back before June of 2017 anyone wanting to invest in Resverlogix via the public markets only had one choice, RVX shares....now there's three choices, the shares or either of $2.05 or $4.60 warrants. Over the past 10 days the $4.60 warrants are kicking butt, up over 50% Over the same 10 days the shares are down 13.61% and the $2.05 warrants are down 11.36%
That's quite a disconnect over a very short timeframe for three investments that are all tied to the same company.....I'm grateful to fouremm for confirming seeing 93,252 open shorts on RVX.WT.A which got me to check iiroc's spreadsheet again. Depending which computer I'm using I don't always have access to Excel, so when I saw the numbers shared here and that RVX.WT.A had short sales of 93 odd thousand I added 3K more WT.A warrants to my holdings.
The question is....what happens now? WT.A is up over 50% in just 10 days while the RVX shares are down over 13%. Can RVX.WT.A keep climbing higher while RVX remains stuck? If RVX drops even more will WT.A follow, stay where it is...or could it climb even higher?
Logically I would think that the direction of the shares and warrants...that they would move in the same direction. While the warrants might experience bigger gains and bigger losses....I would think that if RVX goes up that the warrants would move up, and likewise if RVX goes down that WT.A would go down.
Given that I (like everyone I assume) is bullish on RVX...I'm wondering what happens to the price of WT.A next week if RVX moves back to $3+? My gut is telling me that the $4.60 warrants will also move higher...