Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 193.28

+1.8%

11:37 AM EST

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To: Henry Niman who wrote (24672)	8/18/1998 1:50:00 PM
From: Mudcat	Read Replies (1) of 32384

<Bear Stearns just reiterated its BUY (highest rating) on LGND today> This sure is a strange buy recomendation: 3Q revised from -.10 cents to -.21 cents 110% decrease. 4Q revised from +.03 to -.02 cents 167% decrease. Loss for year from -.89 cents to $-1.05 18% decrease They revise the estimates way downward and then they say they can find no evidence why the stock went down. What did they base their downward estimates on? Also said ONTAK approval by Dec? Henry your sources said by Sep is this another delay?

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