<< The warrants are clearly not a good investment choice as they can easily move up and down 20% in a day for no apparent reason. >>
This was your original statement, no?
<< I've yet to see an option with an exp greater than 30 days drop 20% while the underlying secutity rose 1/8th. >>
And..... this was your response to my helpful recommendation that you might want to stay away from options, because of their volatility.
You specifically said that it was "clearly" not a good investment due to it's volatility. I've seen options move much more than 20% in one hour!
Now, you are coming back and trying to modify your original recommendation, I think. I am not sure. Are you saying that LGNDW is not a good investment because, during one day of trading, it dropped 20% and LGND went up 1/8th? Does that make it a bad investment, regardless of the fundamentals?
All I am trying to do now is clarify your advice, since some investors might actually give some weight to it. If you actually like options, despite their volatility, so be it.
Also, you had earlier implied that LGND did not do very well in the first half of 1996 and 1997, although LGND rallied from $11 to $20 during the March-May 1996 period and from $9 to $14 1/2 during the May-June 1997 periods.
It confuses me. Henry offers a lot of detail, facts and interpretations to his posts. Perhaps you could learn something from him and put a little more substance in your posts.
<< Please show me just one example of this -- just one. >>
I might decide to fulfill this request sometime in the future. Hmmm!? When's your birthday?
Regards, Bob |
