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Biotech / Medical : Ligand (LGND) Breakout!
LGND 190.43-0.7%Feb 6 9:30 AM EST

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To: Andrew H who wrote (8027)9/29/1997 4:33:00 PM
From: J.T.   of 32384
 
Andrew, I understand how one can become impatient and frustrated with an investment that seems so close, and yet so far away from the "breakout". It's like watching corn grow or paint dry. The TA for this stock is very positive and I am raising my target from 19 short term and 24 long term to 20 short term and 27 long term. There are no guarantees, as you know and I only hit a single today. I really thought the Dow Jones release would move it up. Now I believe it will be someone like Robbie or H & Q or some other firm that will reiterate strong buy or give it a new short term strong buy. I don't know who, but the TA, the fundamentals, the platform technology with Panretin and Targretrin, the impending major corp partnership for diabetes and other metabolic diseases ad nauseaum. We all would like to see immediate gratification, but as long as this thing holds 16 on a close I am not worried. The next major move is up, IMHO. We all wish it will be sooner than later. Keep the faith. JT
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