Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 199.07

-3.4%

Nov 20 3:59 PM EST

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To: Vector1 who wrote (13323)	1/15/1998 7:29:00 AM
From: Andreas Helke	Read Replies (1) of 32384

I wonder if we are in the middle of that famous dip or if we should wait for a further dip from todays depressed prices. I would consider the current Ligand prices a buying opportunity if I did not already have more shares than my long term target position. Currently 1/3 of my portfolio consists of Ligand stock and warrants. This is probably too much for a single biotech company. But I have the impression that except for the expected price volatility Ligand is a pretty save long term investment. That Ligand stock has a tendency to be undervalued shurely helps to reduce the risk of the investment. I would not mind buying some more shares or warrants for a short or medium term trade. I only fear that I wont get rid of those new shares again. My portfolio has proved to be pretty sticky to Amati and Ligand shares. Shares of those two companies that got into my portfolio have had a very difficult time to get out again. Texas Instruments has decided to relieve me of my Amati shares with a cash buyout. Therefore I have substantial buying power again and my margin use is reduced to save levels. I have tried to get Ligand warrants for about $6.50 in the last two days but I did not find a partner. My buy offer simply represented the bid at the end of tuesdays and begin of wendsdays trading. Andreas

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