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scania320 - 29 Mar 2009 19:00 - 5 of 8

please can you teach me where and how i can purchase this warrants .
i have always bought fiscal shares and lost my life savings in two banks
just trying to rebuild from all mistakes of past.


Teaching people how to trade warrants isnt easy. you have to do a mental juggling act between time, gearing and value. and the short dated warrants are very risky.
Put as simply as I can...
Warrants can be traded INSIDE an ISA, so all the obvious advantages.
you do need to know what a warrant actually is so instead of me ging you the blurb (which of course is subject to my interpretation!) I have 2 very good links for you (and anyone else) to look up
Soc Gen Explanation you have to look through the menu on the left and there is a lot of guff that I'm afraid you will have to filter!
I actually think that this next one is clearer.
Barclays Explanation

you have to sign an understanding contract with your broker and once you have done all that you can trade online. I think Hargreaves are the only ones that you have to do a phone call. One thing you have to look out for is discrepancies in the price. MMs dont seem to monitor the prices as they should and sometimes you can get a bargain. I have in the past bought warrants for 1p when they should have been 5p, and banked the resultant profit smartly. Warrants are definitely for trading, do NOT hang onto them once the profit is there! Longdated ones that are not so time volatile are the best at the moment unless you are feeling particularly lucky!
If you can, see if your broker, or indeed any other broker is offering a Covered warrants workshop. If they aren't ask them if they will, or have a look round for anyone who does. the time invested there will pay you well!

I hope this helps

SM

Good advice SM but there is a big difference between Covered warrants and Investment trust warrants.
Covered warrants are more risky than Investment trust warrants.

Midday Market Overview

porky,

yes - There is a big difference but I only trade Covered warrants, so thats all I can speak about. At the end of the day there isn't a trade without risk. So you pays yer money and takes yer choice!

What my mentioning of them has done is increased the interest. Often I find that its only me and my partner trading some warrants.... in the whole country!

NAG and DYOR etc...

SM

End-of-day Market Overview