Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 189.84

+3.6%

3:59 PM EST

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To: Torben Noerup Nielsen who wrote (16495)	3/4/1998 9:34:00 PM
From: tonyt	Read Replies (1) of 32384

If LGND is affected it should be short-term. It remains to be seen if INTC is a 'first-warning' of poor 1st qtr results from other companies (hard to believe Q198 just ended). Be prepared for the inevitable downgrades of INTC. > Strangely enough, I do not sense that much doom and gloom over the INTC > warning. It is almost like everyone has been waiting for it and it is kind of > a relief now that it is out. Actually, INTC had already been 'steering' analyts to lower expectations, so this 'warning' comes as a big suprise. I really don't think that this warning was expected. >Also, INTC isn't being hit that hard in after hours trading. I would have to disagree, an 11% drop in INTC in after hours is huge for INTC, although after-hours trades are many times misleading as to the open due to low volume. > Some sort of correction is clearly necessary in the market overall. Agreed. The market is so high right now, that I believe that this will be the reason everyone uses to sell. --Tony

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