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Biotech / Medical : Ligand (LGND) Breakout!
LGND 200.79-0.2%Nov 14 9:30 AM EST

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To: bluejeans who wrote (17662)3/18/1998 11:47:00 PM
From: Brian Moore  Read Replies (1) of 32384
 
Hi bluejeans,

<< I suspect there is more to your sermons than meet the eye. >>

Gee, I don't know what. If there is any unstated goal it is to discuss my ideas about LGND with others to hear what they say and learn.

By conservative, I mean time tested ways of identifying companies that are about to really move. Rising earnings, accelerated growth in earnings, quarter by quarter over the most recent year -- that is one very predictive factor. It's time tested, so I guess that's conservative.

Companies that do not have this present a lower chance of taking off. Would you rather put $10,000 in a company that has a 75% chance of making a dramatic 30% gain next year, or a company that has a 10% chance of making the same gain?

I don't believe LGND has as good a chance as some other, better positioned companies of making that happen.

As for options, they are just another investment vehicle. They work differently than stocks, of course. Short term. The only investment I have made in LGND so far are some calls. I think the news and NDA and all is causing a little run up of a few points. I will sell them soon. Now you know.
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