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

To: Machaon who wrote (23540)	7/26/1998 3:53:00 PM
From: tonyt	Read Replies (1) \| Respond to of 32384

>1. How much did you lose? I didn't. I trade AMLN (and still do, btw). >2. How much did you have invested in AMLN? As I said, I trade in AMLN. >3. What is your current position in LGND? My position, as it always has been, is that LGND is an overly-hyped stock that has been diluted to the point that a 100k share day can cause the stock to drop 6%. And don't be suprised to see further dilution as Ligand's recent purchase will dig into their cash reserves. (Remember those infamous 'swaps', looks like they were really SELLS, probably Allegan) >4. Why didn't you listen to Dr. Niman about AMLN? A better question is why did you listen to him about LGND being cheap at $16. >5. Are you sorry that you didn't listen to Dr. Niman, after you beseeched him >for advice, and you found out that he was totally correct? Are you talking about another Dr. Neiman? The one on this thread said that LGND is cheap at $16 and that it would be at $30 by August (thats less than a week, btw) >6. Dr. Niman was correct about AMLN. What makes you think that he is >not correct about LGND? Your right, to be fair we should wait a week to see if he is wrong about LGND at $30 by August. Still waiting for you to respond if you started a trading position in LGND as you told this thread you would (...and yes, I saw your post but that was before LGND 'dipped below' $12 which is the point that you said that you would start trading LGND.