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Biotech / Medical : Ligand (LGND) Breakout!
LGND 197.88-1.2%Dec 22 3:59 PM EST

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To: Cheryl Galt who wrote (13580)1/22/1998 8:36:00 AM
From: Henry Niman  Read Replies (1) of 32384
 
Cheryl, Maybe you should just ask Ligand if the AHP/SBE deal is going to happen. Bear Stearns (AHP advisor) loves Ligand (they are the #1 Market Maker for them, David Malowa got LGND's price moving when he initiated coverage in 1995 (LGND was at $6 then), and Bear Stearns is the first group to predict a profit for LGND this year. See links to coverage coverage at:

home.att.net

Moreover, Bernie says that Morgan Stanley (SBH advisor), has been hanging around LGND at all of the recent conferences (Bear Stearns, UBS, Robertson Stephens, Hambrecht $ Quist)

www3.techstocks.com

www3.techstocks.com

and initiation of coverage of LGND by MS certainly wouldn't surprise me.
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