Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 192.84

-1.7%

Jan 16 3:59 PM EST

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To: chirodoc who wrote (4662)	8/10/1997 12:40:00 PM
From: Andrew H	of 32384

Chirodoc--we hardly have a frenzy of fear, although one could develop. If Murphy says there will be a correction now, chances are the market will continue to rise. In any case the PPI and CPI numbers this week should tell us a lot. The long bond took a huge hit on Friday and the stock market did pretty well in light of that hit. If this week's inflation nubers are decent, I don't think we will see much of a correction. Although I think a correction is overdue and needed for the market to go higher. The biotechs however have been suffering through a long correction.

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