Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 206.84

+3.8%

3:59 PM EST

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To: JOHN W. who wrote (11191)	11/16/1997 9:38:00 AM
From: tonyt	Read Replies (2) of 32384

As pointed out, LGND was down friday over 25% from its 52 week high set only 1 month ago. This has occurred after what has been said on this thread to be positive news, yet the street has thought otherwise. Even the prospect of a (rumored) story in BusinessWeek (now two weeks late) didn't help the price in the past two weeks. I'm starting to wonder how many of those 25k buys last month were sold in 1k lots the past month. Why wasn't the streets reaction to this deal positive? (based on the stock price is was negative). And why were last qtr's results over 15% lower than estimates? When the stock trades continually below yesterdays 'buying opportunity', maybe we're missing something. Even Michael Murpy of CTSL was right when he said not to chase LGND over $16 -- Looks like he was right this time.

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