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Biotech / Medical : Ligand (LGND) Breakout!
LGND 202.50-2.7%Nov 7 9:30 AM EST

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To: Robert L. Ray who wrote (23057)7/10/1998 10:08:00 PM
From: jayhawk969  Read Replies (2) of 32384
 
Robert,

Yes, but just think you can buy on margin. You still have a long way to go:).
However, you may still run out of time. I don't see this one taking off till next year. Am I selling? No. This is now a one day news stock. The gains much to tonyt's delight evaporate the same day of the news. I am catching on, I sold some calls at todays high. I repurchased the August 15's yesterday after selling a couple of months ago for a nice gain. I filled my lot of SRGN yesterday. Tony has suggested that I look at this stock as a trading stock, and for that I am thankful. I do that with part of my holdings and it takes the monotony out of waiting for the big climb.
I don't see any news yet that can cause an Entermed increase that I would miss.
I am convinced that biotechs will eventually be the rage, and that the whole sector will be the focus. As a sector it is much bigger than the internet stocks, and as the quality of the science is recognized in a number of the biotechs and, a few blockbusters hit the market, we will all do well. Can you wait out the millinium?
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