ncp to rise 40c on monday?

  1. 737 Posts.
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    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?

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