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Biotech / Medical : Ligand (LGND) Breakout!
LGND 192.29-0.4%Dec 16 3:59 PM EST

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To: B.D. who wrote (13447)1/17/1998 11:23:00 PM
From: Andreas Helke  Read Replies (1) of 32384
 
I am not totally shure that you can actually buy or sell 1000 shares of LGNDW without moving the price. In general the bid and ask size is below 1000 an the trading is very illiquid. This also leads to huge spreads and you have almost no chance to get a order inside the spread filled. Therefore the warrants are a bad choice for short term trading. But in priciple you can buy and sell the warrants like any normal stock.

Andreas
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