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


To: DrJerry who wrote (14261)2/5/1998 8:07:00 AM
From: tonyt  Respond to of 32384
 
> To me however it is rather simple- don't buy LGND or LGNDW unless you
> are convinced (as I am) that the pipeline is solid enough to result in
> earnings before 2000.

Fine. Someone is convinced today -- What should he buy, LGNDW or LGND?

> any calculation of interest rates paid to "borrow" warrants is meaningless.

How is it meaningless? This is math. The cost of the investment can be calculated (and the premium on the warrants is more costly that buying LGND on margin)