Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 195.05

-0.4%

Dec 29 3:59 PM EST

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To: Andrew H who wrote (13792)	1/26/1998 9:41:00 PM
From: Henry Niman	Read Replies (1) of 32384

Andy, I also think that the $60 target price is low. I haven't looked at the entire sector, but I did see that AMLN fell as low as 4 1/4 today, so there is clearly some selling in the sector. LGND does have a tendancy to drift lower on no news and I'm not sure what is going to be announced on the LLY compound (or lack thereof), leptin, and Phase II data, all of which are due out fairly soon. Of course I think that LGND at $12 is EXTREMELY cheap, and even short term investors who buy now, should be all smiles soon.

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