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


To: JimmyD who wrote (14527)2/10/1998 10:49:00 PM
From: Henry Niman  Read Replies (2) | Respond to of 32384
 
JimmyD, Welcome aboard. Wires will be hot. The street sometimes is rather stupid, but not that stupid (it's the clinicals, stupid). Even they will be able to figure out what's happening at LGND.



To: JimmyD who wrote (14527)2/11/1998 1:05:00 AM
From: Flagrante Delictu  Respond to of 32384
 
Jimmy D, Good luck on your purchase. The illiquidity of the warrants can be offset by shorting LGND stock against them if you ever feel the need to lighten up. You should check with your broker now what their regulations, restrictions, margin requirements, etc. are if, as , & when you might want to utilize this technique. I think you bought the warrants below their current estimated fair value & have thereby built in an edge of protection for yourself. Bernie.