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

To: Sonny who wrote (24630)	8/17/1998 2:47:00 PM
From: ewolf	Read Replies (2) \| Respond to of 32384

For those who consider ligand a lost cause, this may be a good time to let go. Tonyt has been absolutely right about the stock price. Dilution will very likely remain a significant issue. The science seems on target but nothing has been brought to the market yet. Biotechs have usually sold on potential, but potential obviously has seriously diminished as a selling point. The reason to argue about this particular stock is gone unless you doubt the science. If you hold shares that you think are going to decrease in value, you are probably irrational as tonyt will tell you. Better to sell and take a loss. At least you have money to invest elsewhere. Why bother arguing over a lost cause?