Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 197.62

+0.1%

12:59 PM EST

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To: RXGOLF who wrote (26648)	11/23/1998 2:32:00 PM
From: Alper H.YUKSEL	Read Replies (3) of 32384

<< I am speculating however, that the MUCH talked about LGND pipeline will one day produce good fortune for those invested. >> RXGOLF, As long as the current type of market continues, forget about the fortune of those invested in LGND. Who wants to risk money in a small biotech, when any 'net stock can fetch unbelievable valuations. Look at EBay. When company was in 40's (that's 3-4 weeks ago), one broker came out with a buy report with 100 as the price target. Now company is at 165. And EBay has at least profits to show, unlike most. Oh yes, we may even see LGND at 20 or 25 next year or by 2000. But that will not be before the current tulipmania comes crashing down, before the average P/E of S&P comes down to reasonable levels, and before the last Internet company has reversed its course. And, crash down, this market will :) Cheers

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