Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 197.50

+0.5%

3:09 PM EST

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To: CYBERKEN who wrote (12843)	12/25/1997 1:40:00 PM
From: chirodoc	Read Replies (1) of 32384

off topic--general econ 101 discussion <<<<I don't see a bear market in the US .......i agree. but it is the FEAR of the bear that is compressing prices and making the big move to bonds and "safe" sectors. ........good news is: because dolllar is strong and the "safe haven" stock market, we are seeing regular foreign inflows as we speak. also, u.s., canada, europe (especially), and latins (so-so) are stable to growing economies--2/3 of world economy.. only asia is in the dumpster big time. ......i don't think that this is a bear market because i believe that the asian crisis will be over (for the most part) in one year and the sentiment will be improving in 3-6 months. that is why i favor dollar cost averagiing in to biotech and tech over that interval. i think that stocks will be artificially compressed due to asian contagion. and, imho, ligand is one that i will definitly add to at these bargain basement levels. have happy holidays

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