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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Alper H.YUKSEL who wrote (29896)	1/6/2000 10:14:00 AM
From: Torben Noerup Nielsen	Read Replies (1) \| Respond to of 32384

Alper, Yes, I've just inserted the caffeine IV catheter so my eyes are half open :-) So far, it looks like more of the same. But it is too early to tell. If it returns from the current 12 15/16 bid now, I'd guess it's going to repeat yesterdays action. A couple of people have suggested that someone could be shorting the stock to set up some sort of arbitrage position. I suppose that's possible, but I don't see how it would work now that there are so few warrants left floating around. It'll be interesting to see what the change in the short position is going to be. But since that won't come out till after H&Q, I think we'll have an answer before that. By the way, volume looks a bit lighter than yesterday. I'm watching to see if we break 100,000 in the first hour.... Thanks, Torben