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Biotech / Medical : ARIAD Pharmaceuticals
ARIA 23.990.0%Feb 17 4:00 PM EST
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To: Jongmans who wrote (93)6/26/1997 6:48:00 PM
From: Boyce Burge   of 4474
 
Your comment on the warrants (some time back) were very useful. The warrants could be worth $20 if the stock goes to $28 for a few days. The value derives from the ability to sell ARIA short and cover with the warrants.

I hold my warrants in an IRA and so couldnt sell ARIA short, but that doesn't really matter, does it, as long as most people can.
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