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

To: chirodoc who wrote (10978)	11/11/1997 10:05:00 AM
From: tonyt	Read Replies (1) \| Respond to of 32384

> ......what do you think? Well, one way to limit the downside is to sell 1/2 or 1/4 when there is a surge on 'old' news. When the stock settles back down, buy the 1/2 or 1/4 back. This way if its timed wrong you don't lose all of the upside. This stratagy works especially well when you have a double on a stock. By selling 1/2 you have recouped your cost (excluding taxes) and can't lose no matter what happens, but still can participate in any upside (at 1/2 the gains).