Nosleep - BN
That is another reason I want to get out of BN. Limited up side because of overhang for the short term.
I am not sure i would agree about the warrant selling. From what I have seen, when new warrants are issued and then made available to freely trade there is a bit of a rush for the door to sell but that quickly dries up. Especially on stocks where the share price is so close to the strike price.
The people who bought the PP shares do as you say, sell the shares and ride the free warrants up. Other people like myself also like to buy the warrants when the stock price is moving up and the share price is coming close to the strike price. You get nice leverage on the warrants at that point with reduced risk of because they are in the money. To me this is the sweet spot in the risk / reward continium for warrants.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
