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Biotech / Medical : Biotech Derivatives
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To: LLCF who wrote (57)3/24/1999 12:27:00 PM
From: LLCF  Read Replies (1) of 555
 
For those willing to "wade into" PGNS the options are on the MOON... you can buy stock here at 11 1/4 and sell the June 12's for $2 bucks giving you upside of about 30% for a few months work and protection down to $9.25 at which point you break even. With the cash component of the companies balance sheet= to about $4 share may be worth a look if you like the company long term.

DAK
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