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

To: Flagrante Delictu who wrote (19827)	4/30/1998 11:55:00 AM
From: WTDEC	Respond to of 32384

"why then would they want to start hedging it now?" Bernie, you make a good point. I can only speculate, but perhaps they felt they could take the risk up to the NDA filing which was expected by the end of the first quarter. Now they may be slowly shorting if they have what they perceive to be better reward/risk opportunities for the short proceeds. I don't know F at all, but I have a hard time envisioning them as long term naked holders. You know, if your naked too long ..... Regards, Walter