Ligand - LGND - thread for non-PhDs Message Board

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Biotech / Medical : Ligand - LGND - thread for non-PhDs

LGND 200.29

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Jan 8 3:59 PM EST

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To: Henry Niman who wrote (9)	1/20/1997 2:53:00 PM
From: Larry Liebman	of 57

Henry...I've become worried over some of the responses on the LGND threads...They appear to believe that they will accrue substantial profits in a short period of time over your recent predictions...Comments reflect the PBS special where a person was purchasing AMLN without the vaguest notion of what they do/produce...When people begin to expect immediate gratification I have found the stock often flounders...The concept of immediate gain is dangerous as those "speculators" are the weakest of hands, and will sell when the stock drops...I believe LGND to be an excellent company...However, I hope you will address the notion of "investing"...

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