Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 199.20

+0.1%

Nov 21 3:59 PM EST

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To: Flagrante Delictu who wrote (15484)	2/20/1998 12:06:00 PM
From: bluejeans	Read Replies (2) of 32384

BM, First, let me congratulate the entire thread in driving me certifiable. I have concluded that all of the posters are actually manifestations created by my fears and hopes regarding Ligand. I have been trying to understand the logic or lack thereof of unwinding the arbitrage position. Can you explain why a group would sell off the LNGD warrants at 5? The idea they are not biotech investors does not seem to explain shooting oneself in the foot. I suspect there is a lot more to this story. Perhaps some of the Ligand threadsters would like to postulate a few new theories.

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