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Biotech / Medical : Ligand (LGND) Breakout!

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To: Henry Niman who wrote (29187)8/18/1999 12:29:00 AM
From: DrJerry  Read Replies (1) of 32384
 
Henry- can you clarify issue of possible Elan TO- i.e. is there a date limit or not? To ALL: How about a discussion of exit strategies for holders of LGNDWs? Is it finally time to exercise and pay $9+? Does one play the chicken game and hope for a straight warrant trade near the 6/2000 deadline? Any profit I've made on Lgnd has been in trading warrants between 2 nd 6- is this another chance? Are there any takers for puts on the stock (if one wanted to sell such) or will the stock just not trade below 6?
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