Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 199.07

-3.4%

Nov 20 3:59 PM EST

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To: tonyt who wrote (13928)	1/31/1998 12:51:00 PM
From: Machaon	Read Replies (2) of 32384

<< It might be worthwhile to factor in past performance of LGND in the 1st half of '96 and '97 (spring and summer historically are not good times for biotechs -- however, past performance, is no guarantee, so '98 could be different). >> LGND's stock rallied from $11 to $20 from March 96 thru May 96; and also rallied from $9 to $14 1/2 from May 97 thru Jun 97. Fidelity's FBIOX "biotech" mutual fund also had a nice rally from May 97 thru July 97. That's two years in a row, in which Ligand has rallied during the 1st half of a year. Which historical year(s) are you looking at? And, what kind of sophisticated analysis tools are you using to reach your conclusion? Regards, Bob

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