Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 198.66

+0.4%

Feb 3 3:59 PM EST

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To: Henry Niman who wrote (14322)	2/5/1998 10:25:00 PM
From: Scusami	of 32384

Henry: So, they're one year ahead of schedule on the profit side of the equation! I liked the financials in the latest press release as well. They have a very strong current position (current assets to current liabilities ratio) of 3.8. That's very good! Since they spent $8M last year on interest payments, spending only $6M more this year would clear that debt completely allowing more $$ to flow down to the bottom line. I expect them to do something like that to demonstrate their desire to attain profitability sooner than later. I looked at the charts in some detail tonight. I noticed that there has been a 34 week cycle between peaks. We're now 16 weeks since the last peak. Both my daily and weekly charts look to me like ideal buying opportunities at this price. I expect to see the price start upward within days. My reco to all at this time is to buy more LGND, now (based on my interpretation of the technicals). Scusami

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