See our Jan 28 blog on Goldcorp and the warrant. The argument then was that if you like a stock and expect it to go up, do not buy it, buy the warrant instead. The expectation was that Goldcorp would drop from $49 to $36. It did most of that but stopped at $39 and as a result the warrant never reached the anticipated low of $1. It made it to $1.61 and we missed buying it. Here is the chart;
The expectation was that the warrant would triple. Despite not reaching the low of $1 it did triple and then some. The stock itself has gained a little more than 30% since then. The moral is that missing the boat may cost, even if it is only an opportunity!