| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 433.3 | | PADC::KOLLING | Karen | Fri Mar 01 1996 16:00 | 4 |
| 433.4 | Huh?? | MKOTS1::MONBLEAU | | Fri Mar 01 1996 16:18 | 6 |
| 433.5 | | CSCMA::BALICH | | Fri Mar 01 1996 16:44 | 5 |
| 433.6 | down seven 3pm | GRANPA::JWOOD | | Fri Mar 01 1996 18:15 | 2 |
| 433.7 | NASDAQ as a whole is down... | SWAM1::MERCADO_EL | | Fri Mar 01 1996 21:46 | 11 |
| 433.8 | | vaxcpu.zko.dec.com::michaud | Jeff Michaud - ObjectBroker | Fri Mar 01 1996 22:10 | 11 |
| 433.9 | Is this type of stuff unusual ? | CSCMA::BALICH | | Fri Jan 31 1997 11:50 | 26 |
|
What does the following mean ... DEC is mentioned with STRONG
companies (Looks like a positive for DEC) ...
Headline: Bankers Trust sets warrants on technology index
======================================================================
LONDON, Jan 31 (Reuter) - BT Effecten GmbH has issued two
million European-style call and put warrants, in two equal
tranches, on an equally U.S. dollar weighted technical index
comprising Digital Equipment Corp (NYSE:DEC), International
Business Machines Corp (NYSE:IBM), Intel Corp (NASDAQ:INTC), Microsoft
Corp (NASDAQ:MSFT) and Texas Instruments Inc (NYSE:TXN), lead manager
Bankers Trust International Plc said.
10 warrants control one index unit.
WARRANTS STRIKE ISS PRICE PREMIUM GEARING
CALL 105.0 2.26 DEM 18.75 PCT 7.27 TIMES
PUT 95.0 1.44 DEM 13.75 PCT 11.43 TIMES
MATURITY DATE 30.JAN.98 PAYDATE 14.FEB.97
LISTING BER FFT DDF HAM STG MIN EXER LOT =
NOTES PRICES QUOTED ON REUTER PAGE <BTOY>
-- Reuter London Newsroom +44 171 542 7658
|
| 433.10 | | AXEL::FOLEY | http://axel.zko.dec.com | Fri Jan 31 1997 17:20 | 5 |
|
I think Citibank did the same thing..
mike
|
| 433.11 | A narrow index? | CHEFS::MACLEOD | | Mon Feb 03 1997 07:30 | 9 |
|
It looks a very narrow index, no Sun, no Compaq, no HP and no Oracle. Notice
that they are European-Style (Can't be exercised before expiry 30 Jan 1998).
What happens to the index if one of those companies isn't around in a years
time?
Still it will be interesting to see what the price will be at expiry.
Ferdy
|
| 433.12 | GY is the target ... | RTOEU::KPLUSZYNSKI | Arrived... | Mon Feb 03 1997 09:58 | 15 |
| Note that these are traded on German exchanges only. The offer is
targeted at the german warrants market, which is a little
complicated and very clever in inventing new styles of warrants.
Not always to the advantage of the private investor.
Citibank is in fact the market leader in this segment here in GY. They
even run their own computerized trading system (CATS-OS) which of
course lists only Citibank warrants :-)
I've noticed, that whenever a new warrant comes out based on some
self-made index, they try to mix perceived winners with loosers, so
that in fact the probability of the index moving in one direction is
minimized.
Klaus
|
| 433.13 | and the answer is ? | MKTCRV::KMANNERINGS | | Mon Feb 03 1997 10:12 | 4 |
| >>mix perceived winners with loosers
So what you are trying to tell us is, Digital is a perceived winner,
right ?
|
| 433.14 | No implication ... | RTOEU::KPLUSZYNSKI | Arrived... | Tue Feb 04 1997 07:29 | 7 |
| re .-1:
I'm not implying anything about Digital. Just the fact that
these self-constructed indicies are not necessarily reflecting a
meaningful market segment.
Klaus
|