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

To: John O'Neill who wrote (22120)	6/11/1998 10:04:00 PM
From: jayhawk969	Read Replies (1) \| Respond to of 32384

This stock will one day get an Entermed surprise and it will slip up on us. Some NY times article that causes a significant rise. In the meantime I am selling calls against 25-33% of my position and also selling November 12.5 puts. I like living on the calculated risk side. Like blujeans I believe that a major move to the upside is much more likely than a major move to the downside. Any swings between 10 1/2 and 16 don't count. Exact timing is not known however I believe that drug approvals and sales will help kick it off.