tbul@trsvax.UUCP (08/31/84)
#N:trsvax:52900024:000:1358 trsvax!tbul Aug 31 12:35:00 1984 WARRANTS -------- The prices of warrants will fall more rapidly that their corresponding stock issues in a market panic. O Does the warrant have a long life ahead of it? This should be on the order of (at least) 2 years and preferably much higher. It should be long enough for the value of the warrant to double. Five years is a nice time span. O The leverage factor must be at least 2:1 and preferably much higher (4:1). If there is no leverage, sell the warrant. O The stock should be very volatile or else the warrant has little chance of increasing in price. O The stock should have a potential for future growth. O The warrant should be non-callable. O The warrant should also be protected against dilution (such as a stock split). Check the certificate as there it is stated if the warrant is protected against dilution. *********************************************************************** The above material was borrowed from the following sources: ANYONE CAN MAKE A MILLION - Morton Shulman TOTAL INVESTING - Thomas J. Holt PSYCHOLOGY AND THE STOCK MARKET - David Dreman CONTRARIAN INVESTMENT STRATEGY - David Dreman STOCK MARKET PRIMER - Claude Rosenberg, jr INVESTMENT ANALYSIS AND MANAGEMENT - Plum and Humphrey HOW TO MAKE MONEY IN WALL STREET - Louis Rukeyser THE ONLY INVESTMENT GUIDE YOU'LL EVER NEED - Andrew Tobias