Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 197.88

-1.2%

Dec 22 3:59 PM EST

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To: bob zagorin who wrote (24485)	8/13/1998 7:10:00 PM
From: Machaon	Read Replies (1) of 32384

Bob, I just checked out the VICL 100 day chart. It looks like it fell off of a cliff. LGND's chart looks like a slow death. Anyway, today I picked up another load of LGNDW at 3 7/8th. I heard that the price of peanut butter was coming down, so I have little to worry about! <g> I think the question for LGND holders and all biotech holders is: When is the biotech sector going to turn around? We've all seen biotech rallies that take almost all stocks up significantly. Interest rates are low, are don't look like they will be going up for a long time. Biotechs have been beaten down to historically low levels. FDA rules have been eased to allow for lower costs by biotechs, faster approval, and off-label drug use. It seems like all of the cards are in place for a biotech rally. But, it ain't happening. I wonder if we will see a "real" biotech rally this year? Regards, Bob

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