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Biotech / Medical : Ligand (LGND) Breakout!
LGND 203.18-1.4%Nov 28 9:30 AM EST

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To: Robert L. Ray who wrote (25808)9/29/1998 2:30:00 AM
From: Cheryl Galt  Read Replies (2) of 32384
 
>> Novo Nordisk is getting hammered today
>> on news that they are suspending clinicals on their SERM
>> because of side effects

What a lightweight hammer!
tapping a big-cap pharma

To all: What do you make of NVO's low volume ???
Monday's volume was ~8 times an average of squat

11,020 average volume
85,200 volume on 8/28

150,000,000 shares out
~8B market cap

NVO closed at $60 9/16, down 13.94% on bad news
LGND closed at $11.5 -----up 14.29% on no news

329,500 volume on 8/28
039,000,000 shares out
~.5B market cap

NVO - quote.yahoo.com
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