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Biotech / Medical : Ligand (LGND) Breakout!
LGND 203.50-1.6%3:59 PM EST

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To: Henry Niman who wrote (15524)2/20/1998 7:53:00 PM
From: Andrew H  Read Replies (1) of 32384
 
>>Michael Murphy, on his hot line this week, predicted that LGND will got to the high teens or low 20's just before the NDA filing this quarter.<<

This is NOT good news, IMO. Murphy's timing is worse than terrible. I would consider it a contrary indicator. Remember this is the man who has been touting the hell out of XOMA, INSV, AXPH and COCN. IDPH was the exception that proves the rule.
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