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Biotech / Medical : Ligand (LGND) Breakout!
LGND 199.20+0.1%Nov 21 9:30 AM EST

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To: tonyt who wrote (20261)5/8/1998 8:43:00 PM
From: Mudcat  Read Replies (2) of 32384
 
<(wasn't LGND supposed to be at $20 by now?>

Tony, I think the spin doctors were predicting Lgnd hitting $20 for last October or even earlier (didn't Henry lose a few bottles of wine with those predictions).
What really seems funny to me is that many yea-sayers appear happy that we are now at 14 with heavy volume, a number that they squacked long and loud would never happen a few weeks ago when we were predicting it. Now I see predictions of 16, a real tough prediction assuming the NDA is due out and earnings will be released next Thursday. 16 is only half way back to the high of around 18 a couple of months ago.
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