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Biotech / Medical : Ligand (LGND) Breakout!
LGND 199.20+0.1%Nov 21 9:30 AM EST

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To: Henry Niman who wrote (21991)6/8/1998 5:01:00 PM
From: smh  Read Replies (4) of 32384
 
I have been lurking for several months and don't want to draw fire from some of you trigger happy feuders. So allow me to state for the record that I have a significant (to me) long position in LGND. However, I ran across the following comment recently - made by a very credible individual.

< LG*D doesn't react to positive news because veteran
biotech investors know that Robinson funds the company
and expands the breadth of research at the expense of his
shareholders. I sold at $17 two years ago, correctly
predicting that dilution was coming (but never picturing
how out of hand it would get). >

Since I have never heard sentiments along these lines before, I thought to solicit comments.
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