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

To: Cheryl Galt who wrote (23959)	8/5/1998 6:50:00 AM
From: Hippieslayer	Respond to of 32384

Hi Cheryl, Gates got out probably because he is interested in making money rather than losing it. He's done well with ICOS.

To: Cheryl Galt who wrote (23959)	8/5/1998 7:15:00 AM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

Actually, it's my understanding the Gates bought because of the "guarantee" associated with the IPO and sold when LGNDA converted to LGND.

To: Cheryl Galt who wrote (23959)	8/5/1998 8:05:00 AM
From: tonyt	Respond to of 32384

>Bill Gates -- who is a big-time, long-term, enthusiastic investor in biotechs -- >SOLD those Ligand shares long ago, and has never re-purchased. But it wouldn't sound as good if he mentioned that. Similiar to how "300 point drop in the dow; 3rd largest in history!" is suposed to be the reason why LGND dropped into single digits. Would it sound the same if he also said that the 3.4% drop wasn't even in the top 20? or that the dow is still up 7% YTD and the naz 14%? With comments like this, should we also question the objectivity of the science commentary?