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


To: tonyt who wrote (14149)2/3/1998 6:19:00 PM
From: Andreas Helke  Read Replies (2) | Respond to of 32384
 
How about Farallon heavily buying Ligand to cover their short which brings the price up and at the same time heavily selling LGNDW to get rid of it and offsetting the upward drive of buying Ligand to cover? LGNDW still has some time premium. Therefore this is a better deal than to exercise LGNDW to get the necessary LGND shares.

Andreas