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

To: john david martin who wrote (12202)	12/7/1997 7:38:00 PM
From: Andrew H	Respond to of 32384

>>Can you tell me about the warrants, when do they expire and what is the excercise price.<< We have had a number of conversations on this topic. Warrants are not callable and each enables you to buy one share of LGND at 7 1/8. They expire in June of Y2K. They do sell at a premium to their exercise price. And they are marginable. >> If it's way out wouldn't it be smarter to buy the warrants if you think the stock is going up, and take advantage of the leverage oppurtunity.<< That's the conclusion that several of us on the thread have come to, myself included. It really depends on a number of individual preferences. One does pay a premium for the warrants as opposed to the stock, but the warrants do give you extra leverage. However, if the market moves against you and you are on margin, that leverage can hurt you. I offer myself as a living example. (:>)