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


To: Henry Niman who wrote (14123)2/3/1998 3:06:00 PM
From: Andreas Helke  Read Replies (1) | Respond to of 32384
 
Someone is playing games with the Ligand Warrants. A rapid succession of 500 share sells brought the price down to 5 1/8 in about 2 minutes. If someone still has some cash left and no margin problems if the warrants become non marginable he can pick up some warrants at a discount to the stock. There is only $1 premium left compared to the usual $1.5 to $2 premium.

Andreas