Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 198.69

+2.0%

Dec 18 3:59 PM EST

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To: B.D. who wrote (13447)	1/17/1998 11:18:00 PM
From: Andrew H	Read Replies (1) of 32384

>>suppose one buys 1000 LGNDW's at 7, and then they go to 10. Can one sell them at 10, just like common shares, and take the $3000 profit? Or would one have to do some convoluted "exercise" thing and convert them to LGND shares for some fee? << Nothing dumb about it nor is anything convoluted required. They trade just like ordinary shares. Buy at 7 and sell at 10. Wish I had sold at 13 in hindsight. You only exercise them if you choose to. Otherwise sell and take your profit or loss.Or you can hold until June of 2000 at which time you had better sell quick or exercise.

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