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Biotech / Medical : Ligand (LGND) Breakout!
LGND 197.01-2.9%Dec 1 3:59 PM EST
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To: WTDEC who wrote (16092)2/28/1998 8:44:00 PM
From: Andrew H  Read Replies (1) of 32384
 
>>IMO, the nature of investing is such that a good deal of the upside move in biotechs will already have taken place before it is clear that interest has picked up. For example, it looks like interest is picking up in LGND, but it is already up <<

That may be true of individual companies, but less true I think of the group as a whole. For example, I would say a solid break above 325 on the IXB could be considered as the beginning of a biotech rally. Of course with the market, no one knows.
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