<< If further dilution occurs anytime soon, I'm out of this stock forever!!! >>
It's difficult being a biotech investor these days. The sector is really getting trashed!
About dilution: Ligand could've gotten cash, instead of ONTAK, from their deal with LLY. To me, that says that LGND is not worried about funding, at this point.
I'm sitting still, for now. There's too much potentially good news coming out in the near future.
But, in the meantime, if LGND gets down to about $12, I'll pick up a trading position.
I agree, though, with your long term view.
Good luck, Bob |
