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Biotech / Medical : Ligand (LGND) Breakout!
LGND 185.86-0.1%Feb 11 3:59 PM EST

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To: tonyt who wrote (21572)5/30/1998 12:18:00 PM
From: John O'Neill  Read Replies (2) of 32384
 
tonyt...you predicted $14.....It seems to have stabilized
around here.

The large blocks that went off at this price cause me to think we may be here for a while....depending on the overall market. I did buy 10 July 12.5 calls (at $2 1/8) to cover the possibility of a takeoff towards a test of $18 while shorting AMAT as a hedge.

JO
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