Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 203.50

-1.6%

Nov 25 3:59 PM EST

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To: Tommy D who wrote (14411)	2/7/1998 8:42:00 AM
From: tonyt	Read Replies (1) of 32384

> I had approx. $6000 to spend and felt Lgnd was a reasonable purchase > so I bought at the open this morning for $6 1/8 for 1000 warrants. > I made a greater profit(on paper) than if I had bought the shares by 50% Why wouldn't you buy the shares on margin? If you did, you would have had a greater profit of $875 (even if you bought twice as many warrants on margin, the stock is still ahead by $125) If you had used the $6K to buy LGND (on margin) instead of LGNDW you would have made 15% more.

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