Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 202.50

-2.7%

Nov 7 9:30 AM EST

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To: SemiBull who wrote (29366)	11/8/1999 10:40:00 PM
From: J Stone	Read Replies (2) of 32384

There is a high probability that the stock will continue to drift upward until the later part of December when the FDA makes its decision on Targretin, so long as the next earnings report doesn't contain any truly unexpected bad news. What confuses my homegrown model is that it can't detect any current firm resistance points upwards or downwards. Conversely, the range from $7 to $11 is shadowy -- it seems that any movement in either direction within the range is met with mild resistance but no defined firm points. I have no target prices to offer. Maybe Bob Z. would care to comment. Jeff

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