Ligand (LGND) Breakout! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Ligand (LGND) Breakout!

LGND 190.43

-0.7%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Doug Baer who wrote (475)	1/8/1997 10:24:00 PM
From: Henry Niman	of 32384

db, I know of no disappointments (yesterday's phase I/II results is the closest that they have come). Biotechs however are rather volitile (although LGND is much less so than others). Although LGND's high is 19 3/4, it was only for a brief time. When they spiked to 19 3/4, I thought it was a bit over done. I probably was not alone, which is why it came down so quickly. However, it is about 9 months later and LGND is much further along in all areas (including leptin), so at this time I would not consider a new all time high as being overly pricey. That is why I made the prediction. LGND has accomplished a great deal in the past year and they will have much more clinical data in 1997 than in 1996. I think that is why they have so many strong buy recs and will probably get a few more. LGND is known by more, has greater liquidity, and should really be attracting the big boys (who can move the price much more dramatically than retail). I think that a double in 1997 is very realistic and expect significant movement this month. A day like to today is good for clearing out the weak hands. Unlike the huge overhang of late November, it really doesn't take all that much to pave the way for another leg up. I think that in a few days, LGND lovers will be as happy as they were yesterday. Henry

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next