Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 197.37

-0.3%

3:59 PM EST

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To: growthvalue who wrote (24482)	8/13/1998 6:50:00 PM
From: Machaon	Read Replies (1) of 32384

<< The ONLY way for LGND to benefit you as a shareholder is to add value. >> In a perfect investment world, this is probably true. But, in this age of high valuations based on revenues, where a lot of stock's PE have been mortgaged out to 2010 and beyond, perception and hype drives a lot of rallies. The market doesn't only recognize value, it recognizes momentum. If the biotech climate improves, (that's a big IF) and LGND gets approval for ONTAK and Panretin Gel, and submits three new NDAs, plus the plethora of other news items, we could start going up. Regards, Bob

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