Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 198.02

-1.4%

Jan 26 3:59 PM EST

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To: Chester Koerner who wrote (16124)	3/1/1998 4:07:00 AM
From: Alper H.YUKSEL	Read Replies (2) of 32384

<< Anytime between now and March 31,1998 LGND will be filing with the FDA. When this happens you should see the stock trade into the high teens(18+)or the low twenty's(21+). >> Chester, While I don't think that the markets are very 'efficient', I can't understand why we should see any price increase, on something that's not news anymore. I mean, LGND has announced on quite a number of occasions that the NDA filing will take place before the end of the quarter. Are you saying this because, you have witnessed the same with other biotech companies, or is it just your gut feeling ? BTW, if we see a signifcant rise on the NDA filing, I will have lost all confidence in the 'efficient markets' theory, which was not strong anyway. Regards, Alper

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