Ligand - LGND - thread for non-PhDs Message Board

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Biotech / Medical : Ligand - LGND - thread for non-PhDs

LGND 206.54

+3.2%

Jan 9 9:30 AM EST

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To: Dorothy Simpson who wrote (10)	1/21/1997 1:25:00 PM
From: Henry Niman	of 57

Dorothy, After dipping to 13 3/4, LGND seems to be back on track this morning. Trading is again retail, but a flurry of buys has moved the bid to 14 1/2 and the ask is 14 3/4 (its now 14 3/8 X 14 5/8). I expect the move to an all time high to be tied to news and I expect the next announcement to be on the leptin deal. I'm not sure if it will be the end of January or beginning of February. Without the announcement, it will be hard to hit 20 this month. With the announcement, it will be considerably easier. Last year the price dipped to 9 3/4, post H&Q and then quickly went to 13 1/2, an all time high (an a couple of months later it hit the current all time high of 19 3/4. This year, the activity seems a bit more sluggish (the price hung around the dip longer), but there is still time for a significant move in advance of the news. As I have said before, short term predictions are difficult and that is certainly not my area of expertise. I know much more about LGND's underlying technology and I think it will generate a steady stream of good clinical news throughout the year and I expect several announcements on new Strategic Alliances. Henry

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