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Biotech / Medical : Ligand (LGND) Breakout!
LGND 206.36+1.4%Nov 26 3:59 PM EST

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To: Henry Niman who wrote (11534)11/20/1997 3:03:00 PM
From: JOEBT1  Read Replies (1) of 32384
 
FWIW I'm buying LGND. We'll look back on this as a real buying opportunity. Once the ALRI deal is closed the arbitrage short selling will cease and the price should move to around 16---IMHO. The next piece of significant news should drive it to 18. Technically it's going be a battle to get it over 18 but institutional buying with more supporting news should do it by year end---just my view of our world.
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