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

To: tonyt who wrote (14141)	2/3/1998 5:09:00 PM
From: Torben Noerup Nielsen	Read Replies (3) \| Respond to of 32384

Tony, >Yesterday someone else said that LGNDW was a bargain at $6. >In one day, LGNDW has dropped 20% -- Looks like something is going >on. Yes, something is going on: there was more selling pressure than buying pressure on LGNDW. What that ultimately means I do not know. But I do know that I intend to hold on to a position in LGND - one way or another - for at least a few more years. Given that, it just seemed a good time to swap some LGND for LGNDW. Since I did hold on margin, this does free up some funds and that means lower interest payments on my margin account. Overall, I am quite content with the results of the day and if I see the same or better scenario possible tomorrow, I will simply continue. I am quite sick of trying to predict where this stock will go for the short haul. This way, it is a lot easier to wait it out. Cheers, Torben