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Hanibal

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Alias Born 03/02/2007

Hanibal

Re: None

Wednesday, 03/02/2011 2:52:39 AM

Wednesday, March 02, 2011 2:52:39 AM

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Noticed this gem today after someone bailed, chasing the bid down.

The underlying security here (GTLT) is a company bringing in 64 million in annual revenues (fiscal year 2009). I expect this to increase for FY 2010... the 10K is due later this month.

The warrant expires in roughly about a year and the $5 strike is most definitely within reach for the stock.

The downside here is low and the upside huge. Buy and hold, IMO. Patience makes money here.
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