Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 190.43

-0.7%

Feb 6 3:59 PM EST

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To: MulhollandDrive who wrote (7628)	9/25/1997 12:58:00 PM
From: Richard Belanger	of 32384

betty ann - <The correct time to buy AMGN, according to O'Neil was in Mar of 90 when it was trading at 60! > I would have prefered to be incorrect and bought at, say, 8-10. As you know, O'Neil is an earnings growth guy; stocks like LGND don't even show up on his radar because they have not yet demonstrated sustained earnings growth. I think you are correct in that most of the threaders are long-term holders (although sometimes you can't tell it by the minute-to-minute price quotes). If one believes that the science is sound and the management is on the right course, it is not "jumping the gun." You are simply taking a risk that you judge to be more than offset by the potential reward. Rich

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