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

To: Chinaski who wrote (19006)	4/14/1998 1:53:00 AM
From: John O'Neill	Read Replies (2) \| Respond to of 32384

Chinaske...you are wise prophet. Wise men say it's not wise to risk a pound in search of the penny (unless one is very rich and doing it for sport) (;>) JO tea leaves say higher trading range for LGND...........

To: Chinaski who wrote (19006)	4/14/1998 2:34:00 AM
From: Chinaski	Read Replies (1) \| Respond to of 32384

There sure is a lot of complaining about Ligand tonight. I owned Cor Therapeutics for nearly 4 years and sold it last fall for a modest profit. But tonyt is right about trading part of your shares and holding the rest long term. If I would have used that method, I would have made a lot more. Cor was a touchy biotech to own--the end point p-value or whatever you call it was never as good as the street or even the company expected. Heck, on one day(june 1995) I'd be up $18,000 on the stock(hours before they were going to announce Phase III results after the market closed) only to wake up the next morning to be in the hole $5,500 because the results didn't come in as good as expected. To make things worse, everytime Cor came out with any good news, Centocor (Cor's competitor) woul come out with some PR that would pull attention from Cor. Hell, I started buying Centocor and made a lot more money with a lot less shares than I did with Cor. I don't mind owning Ligand---I can relax more--biotech stocks are great to own--P&G, PM, J&J etc. bore me to death. P.S. There's nothing better than being one of 357 shareholders of a small company, and having a bunch of mutual funds come in and start buying on some good news. Best regards to all of you, Chinaski