Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 196.14

+2.3%

Jan 6 3:59 PM EST

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To: Proton who wrote (23091)	7/12/1998 8:49:00 PM
From: WTDEC	of 32384

P2, continuing from my last post, I have to agree with the following: < A retired Wall Street heavy put it succinctly: "If you're three years early, you're not early. You're wrong." > Hindsight lets all of us see the errors in our judgments. But, most of us diversify our investments to hedge against being wrong (three years -and counting- early in the case of biotechs) simply because there is no way to know in advance if we are completely correct. Fortunately, in my case (to take the example I am most familiar with) I have had a large portion of my portfolio in Internet and tech stocks (in addition to a large portion in biotechs). I have been rolling gains here into more biotechs because I, and I believe you too, see them as undervalued. Maybe three years from now our friend, the Wall Street heavy, will say we were right. Cheers, Walter

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