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Biotech / Medical : Ligand (LGND) Breakout!
LGND 203.50-1.6%3:59 PM EST

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To: Henry Niman who wrote (25769)9/25/1998 8:28:00 AM
From: tonyt  Read Replies (1) of 32384
 
Henry, when a stock falls from $18 to $5 1/2, it is reasonable to 'talk about price' (i.e. losses for some folks, maybe not all) and to wonder if something is wrong. To ignore a 60% decline in less than 2 months is not cheerleading, its being outright foolish. (btw, I've noticed that even you've been talking about 'price' lately).

LGND is recovering, and that's great, but lets not forget that it still has a long way to go (not too long ago, you laughed at those who felt that it was possible for LGND to fall to $10, now your cheering that its in double-digits).

In order to regain your perspective, I would suggest that you re-read some of your posts of two to four months ago (those who forget the past are doomed to repeat it).

--Tony
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