Ligand (LGND) Breakout! Message Board

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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: jayhawk969 who wrote (23067)	7/11/1998 12:52:00 PM
From: tonyt	Read Replies (1) of 32384

As long as an investor/trader doesn't get emotionally involved with this stock (i.e. finding every excuse possible for the downturn -- the 'market', the MM's shaking the tree, the MM's driving down the price so that the 'big boys' can 'scoop-up' some cheap shares), it is fairly easy to make money with Ligand. The recent decline from $18 was a 'slam-dunk' to call. It was clear that the smart money was selling (that SELLING, not SWAPS). There was plenty of time to take some money off the table with them (as long as the 'excuses' for the decline were ignored). I predicted that decline correctly. I also stated back before spring that biotechs are generally weak in the summer and that LGND at $10 before Oct was possible. I still see this as a possibility. The time to buy LGND will be in the fall (even 'blockbuster' news can't help this stock now). Good luck to all (well, almost all ;-)) --Tony

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