Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 185.86

-0.1%

3:59 PM EST

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To: Roland Batson who wrote (28158)	2/10/1999 3:27:00 PM
From: RXGOLF	Read Replies (2) of 32384

<<I had kind of thought that a drop back to 12 was more than reasonably expected. To see as low as 11 will only further confirm my my expected LGND trend. You don't see this taking too much longer do you?>> Roland and Mudcat, So I assume that you are both short LGND, ready to cash in for a very quick 15% to 20% gain when you cover in a very short while. Roland this does explain the tone of many of your post, and I can appreciate one rooting for their position. Were you short before this run up, or did you sell at the top and reverse your position for this drop that you say should not take too much longer? For the record, I sold some a few days ago myself, but only because I went long on margin 4 days earlier. I do continue to hold my long "core" position however, and consider a short of LGND here much too risky with all the positives I have seen in the last few weeks. What is the reasoning behind your prediction of a quick drop at this point? Thanks, Greg

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