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Biotech / Medical : Ligand (LGND) Breakout!
LGND 199.07-3.4%3:59 PM EST
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To: tonyt who wrote (23926)8/4/1998 9:00:00 PM
From: Hippieslayer  Read Replies (1) of 32384
 
One question. One could argue that if the stock is really all that great, there would have been sufficient demand to buy the stock and thus stop any of the pull backs. Since we have not seen it, it leads me to believe that ligand was either overvalued or that the weak hands are smart investors that knew it was time to get out. Could be both reasons.

Of course we'll never have anyone talk about the downside to owning this stock.
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