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Topic: LGND- Huge Insider Buys Follow the Money

stocktrader22
Member

posted

Wow...liking this pharma company a lot right now. Invested nicely in here at $11.05

Look at form 4 just filed:

Common Stock 12/12/2006 P 130,000 A $10.7 7,507,378 I See footnote ( 1 )
Common Stock 12/13/2006 P 15,000 A $10.79 7,522,378 I See footnote ( 1 )
Common Stock 12/13/2006 P 205,000 A $10.9 7,727,378 I See footnote ( 1 )

That's $3,787,350 out of this guys pocket. Who wants to bet that their drug is going to do awesome! [Smile]

Company statistics
Average Volume (3 month)3: 720,137
Average Volume (10 day)3: 532,025
Shares Outstanding: 79.23M
Float: 72.57M
% Held by Insiders4: 33.88%
% Held by Institutions4: 92.10%
Shares Short (as of 10-Nov-06)3: 8.25M
Short Ratio (as of 10-Nov-06)3: 11.9
Short % of Float (as of 10-Nov-06)3: 10.70%
Shares Short (prior month)3: 7.58M

52 week range 7.78 - 14.00

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Disclaimer: Not accountable for anything I say

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stocktrader22
Member

posted

Alright, driving back from gainesville to home in pbg baby!

See ya tomorrow!

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stocktrader22
Member

posted

What are you all doing? Is 3.7 million invested by a company insider not enought to convince you!! [Smile]

Bought in this mornign at 11.05 nice close at $11.37

Looks like insider knows something good about their drugs [Smile]

Short term (2-3 months) I see $16+

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PCola77
Member

Member Rated:

posted

Looking at the footnotes I was a bit confused on this one. The most recent form 4 footnotes make it look like it's not a single person buying, but a fund, but I'm not sure if I am reading it wrong.

All of the other form 4s that I saw were insiders executing options and immediately dumping them.

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stocktrader22
Member

posted

Wouldn't you dump your shares if your option was at $5 and you could sell at $10 lol...

I dont care if it was a fund or what not, thats a lot of money to invest in something if you dont have some type of certainty its going up

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