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

To: tonyt who wrote (24025)	8/5/1998 9:35:00 PM
From: RXGOLF	Read Replies (1) \| Respond to of 32384

<<Everyone knows that henry is biased, aren't we all? When the dow dropped 300 pts, what sounded better, to say it was the 3rd largest point drop in history, or that the 3.4% drop wasn't even in the top 20? Its not 'misreprentation' to use one and not the other, >> Amen!!!!! Do we not all have the tendency to see what we want to be there? The trick now is to figure out what everyone else is going to see tomorrow and next week in LGND and the rest of the market. Is LGND oversold at these levels? Are biotechs going to follow the market when it drops, and linger behind when it rises? Is there any reason to believe that LGND can rise in the near future, even if the losers keep outnumbering the winners by a large number? Is there any reason to believe LGND will reverse before profitability? Is it worth buying more LGND at these levels regardless of short term movements in order to one day capitalize on their significant pipeline? Are we going to see 8 or 12 sooner?