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

To: roy whitt who wrote (24991)	8/29/1998 1:15:00 PM
From: bob zagorin	Read Replies (1) \| Respond to of 32384

excerpt from new CTSL newsletter: "...Ligand Pharmaceuticals...ended the quarter with $54 million in cash. That is sufficient to see the company through the launch of both Ontak and Panretin Gel. We expect approval by yearend and a launch to follow quickly for both products. "...By the end of next year LGND could have five products on the market and a handful more in Phase II or later trials. Despite that, the stock dropped in half from its March highs. Buy now. There is a lot of good news directly in front of us, beginning with the announcement of a date to meet the oncology advisory panel, probably in October. That announcement should come by the end of next week...."

To: roy whitt who wrote (24991)	8/29/1998 11:06:00 PM
From: Cheryl Galt	Respond to of 32384

Hi Roy, I agree with most everything you say in this post. The Market IS dreadful.ÿ It HURTS real bad. In such times, cool heads always trump panic.ÿ ------------- You have a well-defined perspective: >> I have been in Ligand for a long time im going to ride it out no reason to leave yet. I just added Isis back into my portfolio and xoma <--real risky . . . ÿ<< You recognize and accept the large RISK, and have defined your OWN risk TOLERANCE. Your biotech risk is spread over several companies. You've decided that you are in a position to leave your money in your investment --- you're not in danger of crashing on margin callsÿ --- you have no near/mid term crucial needs for your money, --- and the mental strain of the delayed reward won't blow you away.ÿ You have informed opinions about what Fund Managers are likely to do when the Bear starts coming out of his cave and NDAs start leading to revenue -- yet realize it IS an opinion (realistic) In this Market pinch, upon consideration, you remain comfortable with your carefully reasoned decisions, and are even planning to extend your strategy. You don't expect everyone else to share your outlook or have the same risk tolerance.ÿ You are still looking for new information (pro or con, whatever...) about your investments. In other words, you are NOT GAMBLING. ---------------------ÿ I think that it's the euphorically expectant Gambling posts that often make reading this thread exasperating for me. So thanks for your perspective, Roy. Reading it, I felt my blood pressure go down a few degrees...ÿ Cheryl ÿ