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

To: Andreas Helke who wrote (14164)2/3/1998 6:23:00 PM
From: Henry Niman  Read Replies (1) | Respond to of 32384
 
Andreas, Farallon wants their cash now. They will sell 1.7 million LGNDW, exercise 1.7 million LGNDW, and cover 1.7 million LGND that the sold short long ago.



To: Andreas Helke who wrote (14164)2/3/1998 7:04:00 PM
From: tonyt  Respond to of 32384
 
> How about Farallon heavily buying Ligand to cover their short

But LGND has been going down, not up.

> and at the same time heavily selling LGNDW

At a 20% loss? More likley a non-'F' selling to meet a margin call.


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