Steven Adams
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Steven Adams
Why The Friday Selloff?
“So, a Bear Stearns hedge fund went belly up, who cares? I don’t really care for the Bear guys anyhow.” That was a typical comment I heard from my Wall Street buddies in June 2007. The market was humming along, and nobody really cared that some boneheads at Bear had put too much risk on. […]
Continue readingDraftKings, The Coronavirus Comeback Kid
“They think it’s a small plane.” That was my wife telling me what the news had just reported when I walked into our family room on 9/11. I had just made my coffee and was headed downstairs to my office to begin the trading day. I was working for a New York based hedge fund, […]
Continue readingVirgin Galactic Calls Warrants, Now What?
As predicted, Virgin Galactic has chosen to redeem their outstanding public warrants as of yesterday evening, March 13, 2020. The warrants are being called on a cashless basis. The full details are in this press release. The result is a slight hit to warrant holders, as the call values the warrants about $0.62 below where […]
Continue readingVivint Smart Home, Why the Disconnect Between the Common Stock and Warrants?
The Warrant Observer group has been trading Vivint Smart Homes (VVNT, VVNTWS, and in some charting software VVNTW) quite a bit lately. Here are a few questions that have come up about the stock and warrants. What are the warrant terms? The Vivint warrants are exercisable at $11.50 for one share of common stock. Are […]
Continue readingThe NEXT Tesla?…OK, if You Say So
I over explain everything. Really. My kids could tell you lots of stories. So, when I was telling my daughter about how I predicted VectoIQ Acquisition Corp would do an acquisition very soon, (which I shared that with Warrant Observer members on February 21), I think I over explained. So, here’s my “under explanation”. There’s […]
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