Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 203.18

-1.4%

Nov 28 9:30 AM EST

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To: bob smith who wrote (19429)	4/28/1998 7:21:00 PM
From: Scott H. Davis	Read Replies (1) of 32384

Response to "dead money" reference. This is a common pattern in developmental stage companies. People get ahead of the game when expectations run high, followed by a return to earth, long basing... When the company actually starts to make it, the market is slow to respond. Three other biotechs I own, TRIBY, VICL and ISIP are still way off their Spring 96 highs. The sector as a whole is not dong well. The big question now is will these companies continue to be "dead money", and if not, how far out is that. I think there are a lot of lurkers ready to pull the trigger when the companies get closer to profitibility, and they see a coresponding turn in the trend. I'm betting pretty soon, but then I could be CNS impaired too. IMSCO, Scott

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