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Biotech / Medical : Ligand (LGND) Breakout!
LGND 206.01-0.4%Nov 19 3:59 PM EST

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To: Machaon who wrote (23275)7/16/1998 3:45:00 PM
From: RevMikeB  Read Replies (1) of 32384
 
<<On the other hand, long term holders are really getting the shaft by this selling!>>

I'm long term, but I don't think it's me who's getting the shaft, but short term investors. Some of them have bought lgnd around $14-16 and they will suffer, because they may not be able to wait to see the stock recover. I have the time to wait if I'm patient enough. (I may not be though.) So if the stock doesn't go up this year, the jump will be bigger in the next couple of years as the price reflects the value of the company.

What concerns me is that there has been a double wammy. 1) Dilution of shares, and 2) Selling of lgnd stock by Allergan. If further dilution occurs anytime soon, I'm out of this stock forever!!!! I won't look back!
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