Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 198.02

-1.4%

Jan 26 3:59 PM EST

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To: james who wrote (10130)	10/25/1997 9:15:00 PM
From: tdinovo	Read Replies (2) of 32384

James, I seriously doubt if LLY would be investing $50 million in 1997 to fill their 2007 pipeline, especially given other holes in it between now and then. If they believed your analysis, I doubt their managers would have been as upbeat in their statements. On the price front, if we're headed for Armageddon, a lot of stocks will be a lot lower. But bio's in general have held up exceptionally well during October, in the face of rather ugly performance from many of their semiconductor-based brethren. One of the reasons October is so often ugly is because many mutual funds need to sell in order to book profits in the current year. We probably have about another week of real pressure. I expect several weeks consolidation and then a solid end of year rally. But markets are made to accommodate differences of opinion. If your confident of your opinion, I suggest you short a little Ligand and see how well you sleep Ted

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