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Biotech / Medical : Ligand (LGND) Breakout!
LGND 185.86-0.1%3:59 PM EST
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To: Peter Singleton who wrote (7652)9/25/1997 3:46:00 PM
From: Abuckatatime   of 32384
 
Peter Singleton or Peter Lynch? I'll throw out this piece of Lynch's advice which I came across in Worth, 3/97.

"Enter early - but not too early. I often think of investing in growth companies in terms of baseball. Try to join the game in the third inning, because a company has proved itself by then. If you buy before the lineup is announced, you're taking an unnecessary risk. There's plenty of time (10 to 15 years in some cases) between the third and the seventh innings, which is where the 10- to 50-baggers are made. If you buy in the late innings, you may be too late."

I've suffered my biggest losses from jumping in too soon. With respect to LGND, I think we've seen a couple of innings worth of good play and can be relatively comfortable with the lineup we have.
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