Took your advice some time ago Rembrant and got out of the market place. I view most MMs as little more then bookies-except less honest. Consider there excuse that implied volatility explains unexpected adverse movements with the utmost skepticism having tested that assumption as you have. Now invest in contracts for difference issued through CMC. No time decay;90% leverage- you know exactly what your getting into. The only time I would consder warrants now is where they have declined very quickly in price to around 5cents and expect a very fast and very high change in direction of the underlying price.
