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

To: Flagrante Delictu who wrote (14499)	2/10/1998 3:19:00 PM
From: JimmyD	Read Replies (2) \| Respond to of 32384

My first post on this thread. Thanks to all who participated in the great stock vers. warrants debate, pro and con. I just bought 3000 warrants, on margin, at $7. Took two days and 5 trades to fill the order without nudging the price up a quarter. Key to me was the fact that I would be even or better provided LGND made it to 16 1/2 by June 2000. After that, the profit goes up proportionally with the price of the stock. I had a lot of liqidity problems buying these shrs, so I'm going into this as a buy and hold proposition The only down side I see is the risk of a margin call, which, based on their science and the strength of the company, is only a realistic concern if there is a major market correction across the board.