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

To: WTDEC who wrote (19595)	4/25/1998 5:57:00 PM
From: Flagrante Delictu	Respond to of 32384

WTDEC, OFF TOPIC >> 2 mathematicians << Besides RB, who's the other? With regard to "Volatility is risk", once those warrants were bought at $6.125 less than LGND, their risk of actual dollar loss versus dollar loss per share of LGND common vanished into non-existence, despite the fact that academicians would classify them as more volatile than the common,because the dollar saved in interest offset the dollar that would be lost at expiration when the warrants would be worth $7.125 less than LGND vs. the $6.125 less paid for them a few days ago. So, I would rephrase it to "Volatility may or may not be risk, depending on the individual prices & other conditions." Unless, of course, reference were being made to risk other than the loss of money, such as the risk of loss of self respect, which many men feel the morning after turning out the old tried & true, such as the common, for some hot ,exciting, newer challenger, such as the warrants.