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Biotech / Medical : Ligand - LGND - thread for non-PhDs
LGND 195.83-0.7%Dec 26 9:30 AM EST
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To: Gerald Drews who wrote (52)3/4/1997 7:30:00 PM
From: Henry Niman   of 57
 
Gerald, There is no risk is shorting LGND because the money was used to
buy ALRIZ (which has LGND warrants to cover). Its a pure arbitrage play.
As I said before, you don't know what you are talking about. NONE
of the second tier Biotechs are making money. What would have happened to
a short position of AGPH at 30! They have yet to make a dime yet their price tripled in 6 months!
Biotechs go up BEFORE they make money. Your advise has no historical basis. Stick with AMGN. They
have a bottom line to make you comfortable (but not much money lately).
How about shorting AMGN when they were selling for 1% of their current
value? Those shorts would have been massacred long before AMGN made a dime.

Henry
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