Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

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To: goro who wrote (13148)	1/9/1998 4:48:00 PM
From: Henry Niman	Read Replies (2) of 32384

goro, LGND did get the Grand Ballroom last year also. Last year the price ran from 11 1/4 (late Nov) to 17 on the day of LGND's presentation (Jan 7), and then profit taking set in. However, last year's move was almost all retail (very few large blocks) going up and back down. Today the big boys jumped in with both feet. When the market started to seriously spiral down, they took to the sidelines and small trades brought the price down to 12, but then it bounced back. H&Q is pretty bullish on LGND, although they are the only firm not giving them their highest rating. Last year's H&Q summary predicted that LGND would be the first successful (profitable) targeted drug design comapany, and the recent Bear Stearns' projection would have them winning that race by a wide margin (last year H&Q expected profitability in 2000).

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