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

To: HB who wrote (15841)	2/25/1998 10:58:00 AM
From: tonyt	Respond to of 32384

> Anyway, I certainly trade part of my holdings, and keep some as a long-term > core, though I often wind up jettisoning the so-called long-term core at times > as well, usually based on overall allocation between cash and stocks > (aka overall market timing). Sounds like a very reasonable approach. Too many people get emotionally attached to a stock. Good Luck, --Tony

To: HB who wrote (15841)	2/25/1998 11:34:00 AM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

Howard, My background is at the molecular level, not finance, so I don't give financial advice. I have recommended LGND as a long term play based upon their underlying technology. Occasionally when the price is ridiculously low, I say so. LGND has generated an oscillating pattern in the past few years and those that can time the highs and lows will make more money short term. However, that is out of my area and have no comment other to say that I expect LGND's price to take off sooner or later. I actually expected such a move to be fueled by the LLY deal and ALRT buy back. However, there was a fair amount of selling on news by those who were still timing LGND and it did cause a pullback to under $11, which I characterized as an excellent buying opportunity. When LGND oscillates, the timers look like they know what they are doing (especially when they post after the fact), but I still expect LGND to come close to the long term projections by analysts, which would put LGND's price around $50 in a few years and into triple digits shortly thereafter, which of course would be missed by short term timers.

To: HB who wrote (15841)	2/25/1998 12:29:00 PM
From: Allan Harris	Read Replies (1) \| Respond to of 32384

> And I think that the big move, though it will start fast, will give us plenty of time to get on board. The Point & Figure chart is setting up for a nice break-out BUY above 16. A rally now above 16 would provide an intermediate term trading opportunity with excellent risk:reward parameters. Buy at 16+ with a target of 26 and a stop below 14, risking about 2 to make about 10, for about a 1:5 risk:reward on the trade. Allan, King of France