Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 200.79

-0.2%

Nov 14 9:30 AM EST

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To: Arthur Radley who wrote (14678)	2/11/1998 10:10:00 PM
From: Henry Niman	Read Replies (2) of 32384

TD, I don't expect that big of a move because LGND is more mature and has more outstanding shares. Tomorrow's initial move is dependent on coverage. I expect CNBC to cover them a few times before the open and on winners and losers during the day. If WSJ, USA Today, or NY Times run a story, then I would look for a 2 point jump. Without them, I would say 1-2 points. Without CNBC, I would say 1 point or less. I actually would rather see a gradual rise. LGND keeps on firing away with data and I would much rather see long term buyers than day traders. They make for lots of excitement but too much oscillation. It's time for LGND to begin a sustained move higher. It's not bravado - I still think that I have a shot (somewhat long) of getting one of the wine bottles back (in the summer, not the spring).

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