Henry,
Very good point! Just because LGND closed at 16 1/8 on April 1, for instance, and is now trading around 14 9/16, there is no reason - ABSOLUTELY NONE - to think that LGND is "going to 14". What a baldfaced misrepresentation! Sure, in a general market meltdown LGND might hit 14 1/128, but 14??? NEVER!!! NEVER, EVER, EVER, EVER!
No, Bob Z. is right, what we are seeing is a significant upside move to $20, made in Ligand's characteristically innovative way. See how cleverly LGND is basing and swapping in order to move the price along. Only an inveterate naysayer, or worse, could fail to recognize and admit this obvious event. I would send a private message or private email to Bob to commend him on his perceptive analysis, but since he might naturally decide to publish it for me here publicly anyway, I'll save him the effort and state here myself: Bob, good call! Keep up the good work.
Let's all hope that the misinformation that's been floating around here on this issue will finally be put down by your and Bob's vigilance.
Best regards,
John |
