Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 185.97

-0.4%

3:59 PM EST

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To: kha vu who wrote (7681)	9/25/1997 9:14:00 PM
From: Henry Niman	of 32384

kha vu, The news came out last night atabout 5:00. There are well over 100 postson the news. LGND's price drop came during a 10 minute time frame this morning, beginning at about 10:35 AM. The selling was exclusively retail with the largest trade being 4000 shares. Most were 2000 or less. Big boys really had very little participation. All of the action can be seen on Lombard's intraday charts: lombard.com I did view the news as a strong positive. It will allow for rapid development of the retinoids and rexinoids by LGND and AGN. This separation, coupled with the diabetes deal, will be a major turning point for LGND. I think that the big boys really know this, but they would like to try to shake ot a few more weak hands before taking the price to all time highs (before or shortly after the diabetes announcement). Long term shareholders should be all smiles. LGND did set a 52-week high on retail trade. You'll be amazed what the big boys will do when they begin to run out of time before the diabetes announcement. The month of October will be quite exciting and may actually cost Andy two bottles of wine. We'll soon see.

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