Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 196.08

-0.2%

Jan 15 3:59 PM EST

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To: Henry Niman who wrote (17921)	3/26/1998 3:22:00 PM
From: JOEBT1	Read Replies (4) of 32384

Henry, Bernie, Andy, et al This thread with you all and other contributors provides the "world" ( long term investors, traders-shorts and long, and market makers) almost "perfect" knowledge of LGND. There are no real surprises- everyone knows when news is coming and what it is in the near term and the future. What a dream situation for shrewd traders and MMs who can be long and short and hedge with puts and calls. MMs could easily paint the tape and move prices up or down to maximize their profits knowing what news is coming. Likewise it doesn't take many trades by shorts to drive the price down. I doubt if there is another bio-tech where everyone has such perfect knowledge, thanks to Henry and others. I'm beginning to conclude that this thread which Henry started to whip up interest in LGND may be counter productive and more of an aid to MMs and traders. If so, then we ought to stop feeding them real time info on what is coming out of LGND. There's plenty of info available already for long term investors. Let me know what you think of this thesis.

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