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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: sdkaye who wrote (23851)8/3/1998 8:53:00 PM
From: Mike McFarland  Read Replies (1) of 32384
 
Time to make a call - average down or bale out.

When in doubt, do nothing. But of the two choices
you give, averaging down is probably the worst.
Especially if at one time you considered yourself
to already have a full position. Also, there is nothing
wrong with setting a mental stop for yourself, you
probably should have done so by now.

Happy hunting. All I know is Ligand is cheaper for me
that it once was, but if I find myself down 20% weeks
from now I will bail.
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