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: Hippieslayer who wrote (15208)	2/17/1998 5:52:00 PM
From: Henry Niman	Read Replies (1) of 32384

FUGAZI, I don't think that there is a consensus on LGND's trading range. Some expect it to be trading below $10 soon while others are looking at at $25 target price. LGND has a very broad program which should pay rich dividends for the patient long term investor. Since one of the reports I cited was the most comprehensive I've seen on LGND, while the other just came out at the end of 1997, it's worth looking at the predictions. I found it interesting that the projections for 2003 were very close, as are the predictions for 1999. There are clearly some traders on this board, but many posters and more lurkers (based on the E-Mail that I have received) are long term investors in LGND and are interested in what analysts say about its long term prospects. Short term, some recommend revisiting LGND (and Biotechs) in August. Base on recent price and volume increases, it seems that many are interested in its action during the "off season". In case you missed it, LGND did just come out with three pieces of good news and moved up significantly. IR suggests much more is to come. Although some consider this the "off season", some of their predictions are wrong, at best.

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