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

To: Mudcat who wrote (23976)	8/5/1998 11:10:00 AM
From: jayhawk969	Read Replies (1) \| Respond to of 32384

Mudcat, you wrote: Thanks for the informative posts Cheryl. I've been trying to get your same points across for over a year now but the yea-sayers just don't listen. Let's analyze Cheryl's post. 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. Mudcat, Cheryl uses logic and supports that logic with a relevant example. Further that example Is one of personal experience enhancing her argument. Note there are no personal attacks. 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. Mudcat, Cheryl offers observations and beliefs and draws a conclusion further linked to her original premise. Again no personal attacks. 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. Mudcat, after gaining credibility Cheryl finally offers her opinion and advice, underscoring advice with Intelligent insight, a neat lesson for us all. I had a wise teacher that taught(or tried) to teach me that it is not enough to be right, it is effectiveness in influence and action that counts. Cheryl has set a good example and passed a favor to us all. Respectfully, J.D.