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

To: Russian Bear who wrote (21371)	5/25/1998 10:52:00 AM
From: WTDEC	Read Replies (1) \| Respond to of 32384

"I have been a buyer of SRGN in my tax-sheltered accounts." RB, that is very smart. Gain on SRGN will most probably not qualify for the favorable long-term capital gains rates if in taxable account due to timing. Loss on SRGN extremely unlikely, so no tax-loss benefit if in taxable account. Best tax deal on SRGN is clearly in tax-sheltered account. Also, I don't think margin is allowed in most tax-sheltered accounts and since SRGN does not qualify for margin anyway, it is a better fit there than tieing up funds which could otherwise be used to buy more LGNDW on margin. :-) Regards, Walter