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Biotech / Medical : Biotech & Pharma.T.A,
BIB 79.64-0.2%Jan 2 4:00 PM EST

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To: Mike McFarland who wrote (2277)2/22/2008 2:08:05 PM
From: Jibacoa   of 3722
 
LGND made a 2Yrs. L in spite of the insider's buying.
Its 4thQ loss was higher > in 2006 in spite of sequential improvement on revenues for 4 consecutive Qs.

bigcharts.marketwatch.com

The short ratio increased > 25% & is around 24x its ADV

The EL for 2008 is around $0.10 vs. the $0.35/shr in 2007 so it seems that it will probably should find support at present levels since the 1stQ loss in 2007 was $0.17 & the 2008 results are expected to be better.

As you may recall, the Feb 2003 L was $2.77 & from there it was able to rally to $18.68 in Apr 2004, but don't expect a similar run under the present market's condition.<g>

bigcharts.marketwatch.com

Bernard
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