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Biotech / Medical : Ligand - LGND - thread for non-PhDs
LGND 206.54+3.2%Jan 9 9:30 AM EST

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To: Henry Niman who wrote (15)1/20/1997 8:52:00 PM
From: John Grandy   of 57
 
Henry, Forget the semantics - I'm not trying to get bogged down in semantics. My effort is to determine what the big-money thinks ALRI will be worth at minimum. Do you know the prices at which these large positions were put on? Do you know when they were put on?

BTW, you're not using the broker's money if there is directional risk. The kind of ultra-low interest rates that arbs enjoy are for sshort-term pure arbs on large positions: like long 1000 INTC Feb 145 Call, Short 1000 INTC Feb 145 Put, short 50,000 INTC. No broker is going to give you effective-zero rates on that ALRIZ "arb", no matter how big you are.
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