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

To: WTDEC who wrote (19606)	4/26/1998 12:37:00 AM
From: John O'Neill	Read Replies (2) \| Respond to of 32384

Seems to me that shorting the stock and owning the warrants would tie up a lot of $ for minimal return. If LGND went down, the premium on the warrants would go up and the change in premium would be the profit (just like an option to buy at ($7.12). On the other hand, if LGND went up the premium on the warrants would decrease, the change here being the loss to the investor. All this $$ tied up in Shorting and buying warrants just to gamble on the change in premium on the warrants as the only profit potential Comments JO