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

To: Flagrante Delictu who wrote (14465)	2/9/1998 8:17:00 AM
From: tonyt	Read Replies (1) \| Respond to of 32384

> sneakiness of your thesis Wow! Must be really sneaky -- took you three days to come to this conclusion! > Did you not price the starting position in the warrant on its close, which was > .375 cents above its' closing bid of $5.625? If you want to do a comparison, is > there any reason you should not present it on an equivalent basis? No, bernie. You price the buy at what you pay (ask) and the sell at what you get (bid). I'm really suprised that you are having trouble with this. > Mutual funds are also priced on closing prices of their porfolio assets. Well, since most Mutual funds don't trade at a bid/ask -- Duh!