ncp to rise 40c on monday?

  1. 737 Posts.
    lightbulb Created with Sketch. 24
    With the ADR's trading as high as 33.80 and the AUS dollar as low as US67.65c Newscorp should bounce further than the ADR closing of AUS. $ 12.33.

    In my experience what usually happens is that it opens at the ADR equivilent then trades +/- 10c
    So if you can pick up some warrants when the shares are at around $12.20 and sell when it rises to $12.40 you should do well.

    Any other opinions on this stratagy?

    GOODLUCK
 
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