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

To: Flagrante Delictu who wrote (15608)	2/23/1998 1:36:00 AM
From: Torben Noerup Nielsen	Read Replies (1) \| Respond to of 32384

Bernie, >If it would only do this before 6/3/00, there would be one heck of a >return on those warrants you bought so close to the bottom. Let's >see; $2,000 less $6.00 warrant cost & also less $7.12 to LGND as a >conversion premium equals $1986.88 long term profit. But of course, >to be fair, we might have to also subtract an amount equal to the >time value of tying up the $6.00 for almost 2 1/2 years. Even after >that deduction, the return is still better than one could have >earned in the bank for the same period of time. And I actually got a lot at $5.5 so it is even better :-) To round out my position, I just bought another 10,000 last week and I am quite content with the purchase. I would be overjoyed if LGND reached $100 by 2000. If that happens, I am going to pay off my huge mortgage and retire to the life of a gentlemen scholar :-) Cheers, Torben