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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Edwin S. Fujinaka who wrote (29199)	8/18/1999 11:26:00 PM
From: J Stone	Respond to of 32384

Volume should settle down by Friday. There seems to be price support at 7 but if Friday's close is lower on volume under 500K that will be be my lower resistance point. I expect the price may drift upwards as high much as 1 point over the next 2 months. It may jump higher on rumors of good results from Targretin's ABC trials. Otherwise no major movement until trial results are announced, next quarter's earnings, or Targretin approval from the FDA -- though I doubt this will be announced prior to December. FWIW, Jeff