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Biotech / Medical : Ligand (LGND) Breakout!
LGND 181.46-2.4%3:59 PM EST

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To: Andrew H who wrote (7663)9/25/1997 5:57:00 PM
From: shasta23   of 32384
 
HI Andy!

I had a REAL bad day - but i guess nobody cares - and the inability of LGND to stay above 17 is part of it. VERY VERY disappointing and a sign of lot's of selling pressure above 17. you always said that biotechs movev on good news. Ok it moved from 16 3/8 to above the ceiling again - a little move. Maybe LGND is already in the mode of sell on rumour buy on news? I don't know. I just thought that these good news would propell the stock higher...VERY disappointed!

Stefan
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