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

To: Robert L. Ray who wrote (23057)	7/10/1998 10:08:00 PM
From: jayhawk969	Read Replies (2) \| Respond to of 32384

Robert, Yes, but just think you can buy on margin. You still have a long way to go:). However, you may still run out of time. I don't see this one taking off till next year. Am I selling? No. This is now a one day news stock. The gains much to tonyt's delight evaporate the same day of the news. I am catching on, I sold some calls at todays high. I repurchased the August 15's yesterday after selling a couple of months ago for a nice gain. I filled my lot of SRGN yesterday. Tony has suggested that I look at this stock as a trading stock, and for that I am thankful. I do that with part of my holdings and it takes the monotony out of waiting for the big climb. I don't see any news yet that can cause an Entermed increase that I would miss. I am convinced that biotechs will eventually be the rage, and that the whole sector will be the focus. As a sector it is much bigger than the internet stocks, and as the quality of the science is recognized in a number of the biotechs and, a few blockbusters hit the market, we will all do well. Can you wait out the millinium?

To: Robert L. Ray who wrote (23057)	7/11/1998 11:39:00 AM
From: Proton	Read Replies (4) \| Respond to of 32384

Re: Price Action on News Well another week of positive news from LGND without much price movement. As a matter of fact, my relative performance indicators actually deteriorated, ex-publication. Here is the original post regarding my indicators: Message 5127781 The "Patience" index (relative performance of LGND to SPX over duration of this thread) is -87.05%, down one point in the last two days. I am changing the "Hope" index to reflect the appreciation needed for LGND to match the performance of the SPX over thread history. That index now stands at 103.59% (smaller is better). It had been 102.92% before the Science article was released. Pý