Joan, On an absolute basis, I think Ligand is worth about $26-29. However, relative to the other bios, it is probably worth about $45-70. No <g> It is much better positioned than most of the higher priced stocks in the sector. So, I am holding my last third and feeling a wee bit uncomfortable, but not enough to bail.
I never believe in a double position. Diversification is very important to my style. Of course, I still believe you can lose money in the stock market, which is kind of an old fashioned way of thinking. <g> But I really like GZTR on a relative basis and even like it absolutely.
The basket has changed over the years, but there were some names that did superbly and very few turkeys. And, though some folks say I just won't admit I was wrong, I don't think GZTR was a turkey. Shaman was a turkey and I was wrong, wrong, wrong. But GZTR still looks very good to me. |
