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Biotech / Medical : Ligand (LGND) Breakout!
LGND 206.36+1.4%Nov 26 3:59 PM EST

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To: Spekulatius who wrote (28524)3/15/1999 8:21:00 AM
From: Harold Engstrom  Read Replies (1) of 32384
 
Well said, Ralf. Your opinion coincides with my own. Even at these prices, Ligand is still a considerable risk. It does seem unlikely that Ligand will break even as soon as next year. Many expectations have been raised about the companies performance that have not been met - in the clinic or financially - and this can only hurt the company's stock price further. While it would be nice to see Ligand succeed in the short term, this appears to be (as you say) a longer-term speculative play.
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