Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 185.97

-0.4%

Feb 10 3:59 PM EST

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To: leibo who wrote (405)	1/7/1997 7:32:00 AM
From: Henry Niman	of 32384

Leibo, I'm not surprised at the quick executions. LGND volume is expanding and there were 403 executions yesterday. 3 were large blocks 12,500 to 25,000 and about 10 were in the 5,000 share range. When the spread squeezes down to 1/8, there's usually a great deal of liquidity. LGND is definitely building momemtum. I had calls from big boys who were definitely pumped and I don't think that the heavy duty buying has begun yet. The technicians should really be salivating now and I'm sure that day traders love the action and upcoming news. Of course day to day or hour to hour predictions are difficult (I don't do any short term trading), but for the long term, LGND certainly looks like a slam dunk. Their two lead retinoids alone are in about 30 clinical trials and I expect ALRT1550 to generate similar or greater numbers (it is most like tretinoin and isotretinoin regarding receptor specificity and those two compounds are in at least 30 trials - probably more since I only saw cancer and premalignancy trials). LGND's pipeline is fantastic and barring some very unexpected data or a major buyout, a long term play seems to be a slam dunk. Henry

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