Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 191.68

-3.3%

Feb 5 3:59 PM EST

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To: Jeffers Hughes who wrote (473)	1/8/1997 10:50:00 PM
From: Henry Niman	of 32384

Jeffers, Today's LGND action was remarkably similar to last year. (I'm using the number off LGND's chart, so they are approximate, but this is the sequence and numbers to the best of my recollection). Before their presentation LGND was a full participant in the Biotech rally amd Januray effect. LGND had risen from 8 on Dec 20 to 10 3/4, on Jan 5. LGND was slated to kick off the H&Q conference with an 8:00 AM PST presenation on Monday, Jan 8. Their all time high was 10 31/32 (the equivalent of 14 1/2 set as LGNDA). The day of their presentation, they smash through the all time high and quickly went to 12 1/4. They closed at 11 1/4 and fell to 9 3/4 the next day. However they recovered quickly and 7 trading days later they hit 13 1/2. This year they started a bit earlier and ran from 11 1/4 to 17 prior to their presentation. After their presentation the price fell to 15 1/4. Sound familiar? Henry

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