Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: WTDEC who wrote (19774)	4/28/1998 8:51:00 PM
From: Torben Noerup Nielsen	Read Replies (1) \| Respond to of 32384

Walter, Yes, the premium on the warrants was high and there was substantial activity at the open and close with relatively little in between. However, the volume wasn't high enough to spell institutional buyer. It could just as well have been a nut like me who decided he liked the warrants better than the underlying and made the switch. That could account for the volume. Oh well, we'll know soon enough. I suspect there is a great deal of illiquid LGND stock. I would not be surprised if at least 1/3 of the outstanding shares are locked up. Maybe I am being too optimistic, but.... Cheers, Torben