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Biotech / Medical : Ligand (LGND) Breakout!
LGND 183.09-0.1%11:10 AM EST

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To: Andrew H who wrote (9912)10/21/1997 4:11:00 PM
From: Henry Niman  Read Replies (2) of 32384
 
Andy, Speaking of BUY recs, in Jesse Eisinger's diabetes update in thestreet.com he quotes David Molowa from Bear Stearns on yesterday's reaction to the deal. He cited a buy on rumor, sell on news strategy and suggested that LGND would move up when these sellers were gone. Today, volume picked up near the close (topping 600,000) and bid moved up to 16 15/16 and an ask of 17. Here's our BUY signals :-)

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