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

To: WTDEC who wrote (19663)	4/27/1998 10:37:00 AM
From: tonyt	Read Replies (1) \| Respond to of 32384

>Then the real question of importance is where will LGND be in >2 to 5 years from now. True, but there will be plenty of time to buy LGND. There have been quite a lot of ST predictions (even some side bets), and even though most never materialize, the predictions just go higer (there have even been predictions of triple digits!) >I think most of the people here are long term investors. I would have to disagree, as most (not all) LT investors do not watch every tick -- thats what traders do. BTW, LGND broke $14 (again). So much for todays prediction of a rally by our 'yea-sayer' --Tony

To: WTDEC who wrote (19663)	4/27/1998 12:22:00 PM
From: David L. Hachey	Read Replies (3) \| Respond to of 32384

Walter; "However, I think most of the people here are long term investors. Then the real question of importance is where will LGND be in 2 to 5 years from now. What is your long term projection? We can still have fun with the short term between now and then...." In response, you're right on target. I've been saying for the past 18-months that LGND isn't going anywhere until it starts to post profits from products that reach the market. Until then it's too difficult for analysts to effectively value this company. LGND is a fabulous company with great potential, as evidence we need only consider all of the research alliances they have established, but profits are what consistently move a stock. Numerous academic economists have published on the short-term unpredictability of financial markets. Trying to do otherwise is a fool's game. Of course, if you line up all the economists in the world end-to-end, they still wouldn't reach a conclusion! <GRIN> Regards, ...Dave