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

To: bob zagorin who wrote (23961)	8/5/1998 4:12:00 AM
From: Torben Noerup Nielsen	Read Replies (1) \| Respond to of 32384

>i switched some of my money into biotechs earlier this year because >i was worried that asia might knock the techs down and the biotechs >would not get caught in that problem. seemed logical but so far not >so good. they still seem like a great long term investment. I keep all of my money in biotechs now. My wife complains that since I happen to know a lot more about Internet and computer technology, I should put it there, but I cannot help but believe that in the longer run, biotechs are going to throw off bigger returns. This of course is not much comfort when the losses mount. But I think the picture will change soon. The high risk/high return funds are going to have to go somewhere when the Internet bubble bursts and I do not see many alternatives. Oh well, let's hope things will look better in the morning. Cheers, Torben

To: bob zagorin who wrote (23961)	8/5/1998 4:37:00 AM
From: Cheryl Galt	Read Replies (4) \| Respond to of 32384

>>I switched some of my money into biotechs earlier this year because i was worried that asia might knock the techs down and the biotechs would not get caught in that problem. << Bob, it's likely that the Asian currency drop HAS affected biotechs. Asians buyers, once big investors in biotech, are now short of money to invest, and tend to pull out of speculative stocks and invest in safer instruments, if they are able to reinvest at all. There's a wide range of local consequences of the Asian downturn, especially in Pacific Rim areas such as mine. For example, our U of W is losing many Asian students. Students who invested their entire tuition money in American banks are still here. Many whose parents had been sending them money quarter by quarter have left. Their devalued savings can't meet the tuition/dorm bill. Understanding Ligand science and milestones is important. But, in my opinion, the near and mid-term price of LGND will be more impacted by events in the volatile market than by any good happenings at the company. IMO, in a down-market, any price spikes caused by Ligand news will NOT be retained. That's why I believe that it is illogical to predict LGND's price while the Market is so volatile --- and I believe that it is illogical to HOPE for any such spikes to be retained. IMO, the Asian financial problem --- and it's negative effects in the US and its Markets --- will be with us for a long time. So, except for nimble and lucky traders, I expect LGND investments to be "dead money" for a long time. ------------------------------- For those of you in a financial position to tolerate dead money and wait for the LONG-term possibilities, good luck. For those of you holding dead money, and not in a good position to be doing so, my condolences. The wishful thinking and rosy speculation on this thread probably cheer some of you during this downturn. Just be aware that it might also color your expectations and decision making. That cheer might lead to deep disappointment --- and, for some retirees, financial ruin. Due diligence involves a lot more than listening to Henry and "studying" Links-to-Ligand and the Breakout thread. Cheryl