Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 206.84

+3.8%

Nov 24 3:59 PM EST

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To: tonyt who wrote (11223)	11/16/1997 12:56:00 PM
From: Andreas Helke	Read Replies (2) of 32384

The streets reaction to the diabetes deal was positive but it occured before the deal was announced. Many people knew that the deal was comming and bought in anticipation of the deal. When the deal was finally announced there was no big event in the near future to look forward to and therefore no immediate need to buy Ligand at the already very elevated levels. BTW I was among them. I had already figured out that it is not a good idea to buy Ligand during a rally because this stock provides more than enough opportunities to buy on dips. But I bought nonetheless in anticipation of the diabetes deal because I mistakenly thought that the next dip might not go down far enough. Andreas

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