Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 199.20

+0.1%

Nov 21 9:30 AM EST

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To: tonyt who wrote (14207)	2/4/1998 1:15:00 PM
From: Flagrante Delictu	Read Replies (3) of 32384

tonyt, >> The warrants are clearly not a good investment choice as they can easily move up & down 20% in a day for no apparent reason<< I thought we explained the reason they moved down yesterday. Specifically, the market makers did to the seller of a large block what our president chose not to do to Ms. Lewinsky. Today's rise is accounted for by the reason that the price readjusted to its normal differential to the common as a result of the elimination of the pressure of the overhang. That appears to be apparent to me. Moreover, to tell our threadsters to not own something that can rise 20% in a day, when that instrument is a trading vehicle correlated to the very biotech stock they, Bear Stearns, Robby Stephens, Lehman Bros., Business Week Online, Jim Jubiak {sp} & countless others think has substantial upside potential, appears to me to be doing a disservice to the threadsters. Bernie.

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