Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 205.44

-0.7%

3:13 PM EST

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To: shasta23 who wrote (11031)	11/13/1997 2:14:00 PM
From: Henry Niman	Read Replies (1) of 32384

Stefan, The $22 million was right on the money. In fact when Jesse Eisinger did his diabetes report on 9/8/97 he said that ALRT was expected to have $22 million in the bank at the end of 3Q. LGND actually moved up this morning, after the press release (which came out around 6:00 AM). I think that the price dip this afternoon was in sympathy with another NASDAQ decline. I think that yesterday's NASDAQ 40+ drop was something like the 3rd worst in terms of points. The diabetes report, including the $22 million projection, is at: thestreet.com

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