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

To: Flagrante Delictu who wrote (18347)	3/31/1998 10:11:00 PM
From: John O'Neill	Read Replies (3) \| Respond to of 32384

What is the Seragen compound?? & prospects of this drug.?

To: Flagrante Delictu who wrote (18347)	4/1/1998 11:10:00 AM
From: tuck	Read Replies (2) \| Respond to of 32384

Bernie, "It is the Seragen compound! tuck will have to censure his source." Our lives often depend on each other, so we try not to get each other angry. I can't say my source is high enough to be reliable on strategic issues, more for deep science that I can barely understand. So I will no longer post such things, as they are recipes for trouble with the SEC if one is not careful. We stick to our guns on the transient serum triglyceride spike per dose of rexinoid, however. The story is that during an internal presentation, a presenter flipped a page on the flip chart one page too far. It supposedly displayed some stuff about the Lilly drug deal, to the effect that it was a SERM. The page was quickly covered with a sheepish grin. This was several weeks before the extension was announced. Either my source did not see the info correctly, or, more likely, management had changed their minds and gone with the serum compound without changing the page. I remember the extension was announced right after I posted the SERM bet, so I posted to the effect that my info was a bit old and not entirely trustworthy; those who really care can find the link if they're that bored. Trying to leg into a put bull spread today: buying the puts, hedging with a couple of calls. Will sell the next strike puts on the next pull back, the calls on the next run up. Since in the money puts come into parity quickly, maybe close the whole deal after the pullback and runup. Anyhow, poised to make some money as long as the stock moves a bit. Ideally a quick, brief correction to 15 or so, then up. Options on this stock have burned me before, so I'm hedging and hoping to make money on the whipsaws. Good luck to all, but especially to me. Tuck