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

To: Zeuspaul who wrote (11716)	11/25/1997 10:01:00 PM
From: Arthur Radley	Read Replies (1) \| Respond to of 32384

Zuespaul, I just got lucky on this one. Considering the fact that I have gotten many of my friends(okay, I've gotten both of them) to buy LGND for the long haul I do plan to reenter my orginal position in the future. This time is nearly approaching but currently I'm making more money with shorts than I am with longs. You might take a look at the ZITL and PPD threads to see where my bets are placed now. IMO LGND is near its base level and I would expect it to start its upward climb within the next few weeks.End of year tax selling might be very interesting considering the runup to 17.00 and the retracement to 9.00 and then the runup to 18.00 and now the current 30% drop from its high on this last trip up. Hard to tell who might be selling for a tax loss. Regardless, profitabilty for biotechs is always the best method for them to see stock price appreciation. LGND in 1999.(:>) NoT THAT FOR AWAY.