Hi Ophir, I been thinking about picking the bottom some more and...

Hi Ophir,

I been thinking about picking the bottom some more and I by chance learned the basics of warrants and then Citi warrants. Mmlkol stops out at 48c. Any bets that Citi will make sure they get stopped out to ensure the leverage does not clean them out? So I say the bottom is 48c because mmlkol is the last long warrant issued that has not been stopped out.

Warrants now are a bad idea because of the strike price ticking over everyday for holding costs and the stop out price. I think selling my sister is a better idea. But my call is that Citi will keep downward pressure on the price to stop out the last of their longs and 48c will be the new bottom until more long warrants are issued.