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Biotech / Medical : Ligand (LGND) Breakout!
LGND 189.55+3.5%Dec 12 9:30 AM EST

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To: Henry Niman who wrote (16501)3/4/1998 10:40:00 PM
From: Machaon  Read Replies (1) of 32384
 
<< I think that you would be surprised at the number of high tech companies that visit the website >>

I wonder if Intel and Dell shareholders are visiting the site to prepare for selling their tech holdings and picking up LGND? ( : > } )

<< but a rotation out of high flying techs into depressed Biotechs certainly would surprise me. >>

Me too. But, the biotech sector has been known to take off like a rocket. It can only stay depressed so long. And, tech stocks are at very high multiples. At least they are right now.

Personally, I feel that the biotech sector has been hurt by lack of government funding, which you have talked about in some of your notes. President Clinton is trying to change that.

Good luck, Bob
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