Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 185.97

-0.4%

Feb 10 3:59 PM EST

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To: RXGOLF who wrote (28165)	2/10/1999 3:48:00 PM
From: Roland Batson	Read Replies (2) of 32384

Greg, Good post, good strategy - though a bit to risky for me. I haven't shorted LGND for quite some time - over a year. I too hold a large "core" position which I accumulated at several severly depressed prices - there's been a few. As I have always felt that I am holding "enough" - these prices have to be real depressed. But, this is not to say that I don't have a couple of GTC orders just sitting there, occassionally adjusted - sometimes even further out/away. These adjustments depend on the volume/rate of trend. I sold some (one order the other day at $14.5) and missed one. In the meantime, I immediately placed an order to "get back" what I sold at $12. As we seem to be retracing a bit quicker than I anticipated and I am not in any rush (news is out) to add to my position, I will probably tweaked this down to 11.125. To repeat - if filled, good; if not, I don't care - neither up nor down. I am "holding". Stressless, Roland

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