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Biotech / Medical : Ligand (LGND) Breakout!
LGND 184.780.0%3:59 PM EST

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To: Cheryl Galt who wrote (24828)8/31/1998 1:50:00 PM
From: Cheryl Galt  Read Replies (1) of 32384
 
OT -ÿ TO ALL:ÿ - Well, OUR CEASE FIRE HELD ---and I feel much better about it than last week, because after that Thursday brush fire we managed to keep picking our way through the mine field, profiting from our mistakes. So, in retrospect, I'm glad the brushfire happened.
ÿ
I stick to this: <<Credit for the amazing change [and responsibility for it to continue] goes to every single one of us.>>
I decline any other interpretation.ÿ (I figure the Thursday Brushfire and Recovery validate my point.)ÿ
ÿ
Out West here, three hours behind, I was so worried that I burned candle-time Thursday night to write a "Thursday Brush Fire Report" / analysis.ÿ But by the time I got to SI the next morning, you guys had everything under control, and didn't need my report.ÿ So you were spared. <G>
ÿ
Now I am trying to assess:
o Where are we?
o What's happened?
o Has anything really changed?ÿ (Feedback indicates that many sincerely think not.)
o Where do we go from here?
ÿ
ÿ
From my own perspective:
The thing that bothered me most about the thread seems to have changed.

ÿ
Late at night on August 20th when I yelled STOP!
I felt engulfed in a foul-tempered environment whereÿ
--- not only (people hurled at each other any flak we could find
-------------- and tolerated such actions (though hating them) )ÿ
--- but also we EXPECTED such behavior, TOOK FOR GRANTED that it would go on and on and even increase.
ÿ
It felt awful.ÿ It felt hopeless. ('I'll just leave, and never come back!')
It felt like a Rod Serling Twilight Zone skit of an image of Hell.
I did NOT plan to yell STOP!ÿ No one was more surprised than me.
And no one is more surprised than me at how this thing is unfolding.
ÿ
At this point in time, it seems (to me), the tension has been raised from a subconscious level to a conscious level, where people can (and are) making choices about what they want to say, and are doing something about it.
ÿ
So I'm satisfied, and would like to continue.

Furthermore, during this horrific downturn in the Market and Ligand's share priceÿ -- and unbelievable buying opportunityÿ(for people with any money left) --ÿ I would hate to think what the mood and din would be like in the old environment.ÿ

And looking just now at the great conversation going on at "LGND Breakout" this incredible Market morning (it's still morning here), I'm sticking my neck out againÿ (please excuse the corn) to make it EXPLICIT:
----------------------------------------------

Because of your positive response,

I'm EXTENDING the CHALLENGEÿ --ÿÿ for THREE WEEKS
ÿ -- from now until Sunday SEPTEMBER 19th at Midnight.ÿÿ

PLEASE RE-READ the terms of our Cease Fire.
For convenience, there's a copy in the Clubhouse.ÿ

Note that, IMO, Item #4 IS STILL THE HARDEST TO ACHIEVE

(#4 says to avoid judgmental commenting on the goof-ups of others, and
ÿÿ --- works to keep any disagreement from spreading to additional participants
ÿÿ --- gives people a little space, keeps us from backing them into corners,
ÿÿ --- slows us from "attributing motivation" every time we sense a slight ....
ÿÿ --- helps us keep the conversation on investing/Ligand)

Obviously, there are rare times when #4 should be over-riddenÿ - which people did (carefully, a couple times) to good effect last week.
---------------------------------

THANKS again to ALL of you.
Please pardon my rambling again.ÿ
Back to investment-strategy discussions,

Cheryl
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