Bob, this might explain why the BOP has been a little misleading. Each time the BOP showed positive accumulation, the BOP got bopped by Allergan selling.
A question is: what does a Ligand shareholder do to take advantage of this short term situation.
It seems almost sure that, every time LGND rallies, Allergan is going to jump in and dump shares, IMHO. I guess, the thing to do, then, is establish a trading position to take advantage of this.
I want to hold my long term shares, because I feel that LGND is a very good value, and the situation might change, with a significant announcements by Ligand. But the writing is on the wall, over the short time, and it wouldn't hurt to have a trading position also.
One could also have a stragedy of having a trading position, and also trying to play short-term "puts" on Ligand, any time that there is a rally.
Any thoughts?
Regards, Bob |
