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

To: tonyt who wrote (14133)	2/3/1998 4:58:00 PM
From: Torben Noerup Nielsen	Respond to of 32384

> I think this is the first time I have accounted for 25% > or so of the total trades in a day! So you bought 50,000 warrants @ $5.50? Just curious... Not quite; there were more trades than I thought. Also, it is not that significant since I essentially traded a lot of my LGND holdings for LGNDW. I happened to notice that one was heading down while the other was at least staying steady. So I took advantage of it to lock in some gains on LGND (held for a long time) and unwind some margin in the process. Seems to me to be a good deal. Yes, I know that it closed down further, but there weren't a lot of trades down at the bottom. And if this continues tomorrow, I will continue to be a buyer of the warrants while I sell at least some of the underlying stock. Cheers, Torben