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Biotech / Medical : Ligand (LGND) Breakout!
LGND 206.54+3.2%Jan 9 9:30 AM EST

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To: tonyt who wrote (20770)5/14/1998 3:01:00 PM
From: HerbertOtto  Read Replies (2) of 32384
 
tonyt,
Yes, indeed. You are correct, sir. When there is breaking news - like big block trades - I do my best to spread it around.

Here is my one and only comment on the 'discussion' going on between you and Henry. I don't care whether you have 1 or 100 aliases. You have a function as a naysayer. You will always give doubters a reason to either sell or 'wait before buying'. It allows those big block accumulations to take place. Without sellers, you can't have buyers.

Another value to naysaying is to force each of us to re-think our reasons for investing in LGND. Sometimes it is uncomfortable, but necessary, to realize that conditions have changed, and we may have become a bag holder.

When I did this recently, while LGND was hovering just below the 200 dma, I reviewed all of Henry's recent posts, to see it there was anything fundamentally new that had slipped by me in reading my usual news sources. Henry always has more solid information than I can find on my own. And usually more than I can digest.

All-in-all, you both have a funtion here. But if I have to choose one, it has to be Henry. I value his scientific opinion highly. I can supply my own naysaying, as I am a born skeptic.

Incidentally, after the reassessment noted above, I added to my LGND position at 14.

Here's hoping we can get off the 'alias' subject. I fear it may distract Henry from his research.

Good luck longs,
Herbert
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