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


To: bob zagorin who wrote (26735)12/3/1998 12:06:00 PM
From: celeryroot.com  Read Replies (1) | Respond to of 32384
 
could be, but I doubt it. Agn doesnt need the cash that bad and their average price is 8.6. What you are seeing, I think, is the arb position set up by the warrant holders who bought below 2. Short shares and hold warrants.