Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 206.84

+2.8%

Nov 18 3:59 PM EST

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To: Mudcat who wrote (20022)	5/4/1998 3:18:00 PM
From: Peter Singleton	Read Replies (1) of 32384

Mudcat, Torben's right. The ENMD news has been out since November. The price spike is due to the NYT article, and the extremely positive statements by Klausner and Watson. But the data they are commenting on has been public for some time. ENMD sat for a long time with its share price substantially unaffected ... If you believe in the company, the management, the funding, the products, the markets, and the technology, then don't worry if the market doesn't seem to value LGND the way you do. Your example of ENMD would support this approach.

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