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Biotech / Medical : ARIAD Pharmaceuticals -- Ignore unavailable to you. Want to Upgrade?

To: RWReeves who wrote (766)	12/3/1999 6:36:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 4474

If you treat the warrants as options, (fudge, fudge) implied volatility is well over 100%. That seems mighty, mighty steep. -mb

To: RWReeves who wrote (766)	12/3/1999 6:50:00 PM
From: Mike McFarland	Respond to of 4474

Goodness no. Obviously if you think Ariad can do a couple of good things in a row you accumulate the stock this month and ignore the warrants...but if you still happen to have ariaw, probably bought months ago if not years, then it would be silly to part with them now--remember last January when the Science article came out and somebody shouted 'Ariad has warrants!' on the Tokyo thread... Well, I suppose tax purposes and all that-- a person might want to lock in their loss, but that does not apply to me. Don't know why anybody would let the market maker take advantage, but this is just pocket change, no real money is changing hands in the stock or the warrants. Let's all sell everything and go daytrade MLNM. (no, I am not serious)