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Politics : Idea Of The Day

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To: Brian Fukuba who wrote (16455)	1/18/1998 3:22:00 PM
From: J.T.	Read Replies (2) of 50167

Brian, Thanks for the links to the H & Q conference. Lot of diamonds in "the rough" to mine here. I see INCY moved up nicely on Friday and looks to "break out" from here shortly from "triple top" I mentioned last post. This stock is gona pull another AGPH from a stock price standpoint from about July of 96' to its highs this past September IMHO. I would not be surprised to see this stock run to 60 area after taking out its 52 week closing high of 45. OMHO. I have no position in this so I am not hyping it. Just an observation. Also, I do still like LGND and their technology. Here is a comparison TA analogy to work with. Check chart of CORR early last year and where it is today. Then look at its five year chart and you see where CORR would move to its all time high area of 17 1/2 (except for that fateful day in June 95 where FDA says "not good enough") only to move back down to "base support" again. My point is, LGND is now basing and poised to move back up to previous highs of 17 1/2 area. First need a close above 13 3/8 before this advance begins if you are trying to catch the elevator "on the second floor". Very little downside risk from these levels to buy and hold for next 12 to 18 months, IMHO. JT

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