Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 200.79

-0.2%

Nov 14 9:30 AM EST

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To: Anant Kamath who wrote (13089)	1/8/1998 4:02:00 PM
From: Henry Niman	Read Replies (1) of 32384

Anant, Several Biotechs showed weakness near the close yesterday and although the stocks are supposed to rise and fall on their own merits, the sector has been moving as a group somewhat in the past several weeks, on no news. LGND presents at H&Q next week and there is quite a bit of good news coming. The revised numbers did seem to be bring in some institutional buying, but then the price began to drift lower on small retail sells. In the past couple of years there has been a strong January effect,, but one hasn't materialized yet this year. However, it looks like a bit more patience is required. LGND is moving toward profitability faster than anyone predicted, and its programs are moving forward on a broad front. When some of the clinical news begins to come out the price should be ready to move.

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