Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Hippieslayer who wrote (10967)	11/11/1997 1:46:00 AM
From: Webhead	Read Replies (1) \| Respond to of 32384

I agree that this sensitivity to the Asian markets is way overblown. I think that there are two basic problems with the market right now: First that the blue chips ARE very highly valued (perhaps overvalued) and investors are looking for any excuse to take profits. The asian fiasco would impact many of the S&P500 causing, god forbid, actual earnings to fall a few percent short of projections. When a gentle zephyr starts blowing south on a few companies, panic and herd instinct can lead to a stampead even in stock with no connection to the asian markets (like most biotech). Secondly, perhaps Iraq isn't just rattling its saber for a few concessions. There is a reasonable likelihood that Iraq could lob some shortrange missles filled with anthrax spores or chemical weaponds into the nearby oilfields of Kuwait and Saudi Arabia. This could cause a major turmiol in geopolitical affairs as well as potentially shutting down several major sources of crude oil for a not inconsiderable time. I'ld imagine skyrocketing energy prices and (frankly the least of our worries) the market in a tailspin. I'm not trying to be an alarmist but any potential of "Gulf War II" is enough to prod some investors into selling out of what would otherwise be a good position. Just my $0.0001 Ed