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Biotech / Medical : Ligand (LGND) Breakout!
LGND 200.79-0.2%Nov 14 9:30 AM EST

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To: Skeeter Bug who wrote (30170)1/12/2000 6:13:00 PM
From: Torben Noerup Nielsen  Read Replies (1) of 32384
 
Skeeter,

I think we did better than the average biotech today. But that's a somewhat subjective view. I did watch the trades go by though and it looked like there was a fair bit of support underneath once we filled the gap.

It's not only major news that will move this one. It's to a large extent the Street's impression of Robinson's likely performance. And of where the company is going to be by the end of the year. Everyone is doing their own probabilistic evaluation of what *might* happen to the stock. After all, we're buying the present; we're buying the future.

But we'll see.

Thanks, Torben
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