Thats my take on it too matchbox20, come the 1st of october, the...

Thats my take on it too matchbox20, come the 1st of october, the brakes will be off.

Many here have alluded to the oppies conversion being the major short term headwind (which I totally agree with), its the same with rights issues, but I have a feeling today changed all that, holders will still have to come up with the $10mill, but if we manage to hold these levels, a good percentage will get excised.

I am not normally a trader, but have had a ball with HEG over the last couple of weeks, have always maintained at least my original exposure to HEG, but by playing the heads/oppy shuffle have made over 7K, and the most I ever risked was 1K worth of oppies.

Bought the oppies back (that I sold yesterday) at open and sold all my heads again today at 27.5

I am sure I am not the only one doing this, this arbitrage in itself is enough to keep the heads below where they should be, and once gone, the SP should head up where it belongs.

cheers grant

the above is opinion only