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Re: Honeycomb777 post# 106634

Friday, 06/05/2020 1:42:06 PM

Friday, June 05, 2020 1:42:06 PM

Post# of 140475
Honeycomb; the TTLLF has always been my leading indicator for short position traders. They tend to often overpay by hitting the asks for these warrants spending the insurance money aka: pennies (a drop in the bucket) to protect against the unknown. I don't mind selling to these shorters, but at the same time, the writing was on the wall as to the sentiment for the common shares. Most would say, how do you really know its them buying? I answer, the great majority of the time Mr. Retail doesn't really understand how warrants work, so they tend to play the common instead. That's always a good thing to stick to what you know and are comfortable with. That's also good for me as nobody is there to compete with when it comes time for a buy/sell trade. All the best! I sell at a premium when they need a short hedge and buy back when they exit the short and dump the warrants at a fraction of what they paid. Rinse & repeat!