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Biotech / Medical : Ligand (LGND) Breakout!
LGND 206.84+3.8%Nov 24 3:59 PM EST

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To: ewolf who wrote (20477)5/11/1998 4:58:00 PM
From: shasta23  Read Replies (1) of 32384
 
re:SRGN

If i read these last trades right then they were sells for 7000(15:58:40)and 5000 (at 16:00:35). Maybe somebody already knew the news and sold, maybe just routine selling on a day with an ugly close. Tomorrow will be interesting how the "Street" likes this deal. As far as i remember nobody here on the thread really liked the SRGN component (small market, severe side effects etc) that much and i don't understand why they have to buy that whole company in decline...i'm ignorant but i don't like these news!!One thing for sure it's again creative contract making and i'm very sure the few guys remaining at SRGN are very happy to sell before their whole company goes under. Interesting enough was that SRGN's stock was up over 10% today...what a coincedence!!! ;-)))

stefan
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