A LOT of warrants would have been knocked out today after hitting their stop losses, so a lot of people would have lost a lot of money.
I know. I was one of them...
Presumably, the warrant issuers would have a very strong interest in forcing the SP below the stop losses on the warrants...
The game is totally rigged guys...
I still have a significant holding in underlying stock though, so at least I have some signficant tax losses. Would be nice to see some gains though...
I would not recommend to anyone, except super sophisticated investors who use protection, getting involed in warrants even if you think there is negligle chance of a stop loss being hit. They are massively dangerous (and rigged). Have learnt a painful lesson...
LYC Price at posting:
81.2¢ Sentiment: Buy Disclosure: Held
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