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

To: John O'Neill who wrote (19532)	4/23/1998 11:18:00 PM
From: Jack Be Quick	Respond to of 32384

J.O., OFF TOPIC, A hypothetical (and I stress hypothetical, since I don't wish to be accused of being either a hypester or a spin doctor) 4 for 1 stock split at 100, hmmm.... I definitely like the way you think. But this is such a bullish scenario, why should we then hypothesize a sharp decline back down to $14? Likelier that the stock would keep on going from there. A riskier scenario would be a 2 for 1 at $28; but then, a simple adjustment of the split ratio to 1.9910403 to 1 would keep us at $14 1/16, well above the $14 level. However, I'm not determined to disagree with you, and I'm willing to take my chances either way. Best, John