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

To: Flagrante Delictu who wrote (14239)	2/4/1998 7:57:00 PM
From: Torben Noerup Nielsen	Read Replies (3) \| Respond to of 32384

Bernie, I remember your previous post; I have been thinking about this for a while. >the possibility of margin calls should the warrants break 5 or 4 or >whatever number the individual brokerage firm refuses to allow the >security to fall below before it demands a cash infusion. I did consider this. But a side effect of this exhchange has been to take me from a heavily margined situation to one where I am almost not margined at all. This is of course not to say that I am not going to buy more. Given the current market in a lot of tech stocks, I feel like I have been transported to Harrod's Food Halls and I am positively drooling! Cheers, Torben P.S. Given your reputation, you might drool even more if you could look out my window..... :-)