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

To: Henry Niman who wrote (10524)	10/31/1997 4:33:00 PM
From: Andrew H	Read Replies (2) \| Respond to of 32384

Sounds good, Henry. Maybe a nice article on the P2 results? That would be lovely!!

To: Henry Niman who wrote (10524)	10/31/1997 4:35:00 PM
From: tdinovo	Read Replies (3) \| Respond to of 32384

Henry, Did you notice the action in the last hour or so. Must have been 100,000 shares traded with a 47,500 block right at the bell. I am almost certain this was a mutual fund booking 1997 profits and this pressure should subside on Monday, assuming something else doesn't blow up someplace. Action was similar in a host of other biotechs. I think the whole sector could move higher Monday. Earlier in the day, there was a very spirited rally underway in Ligand which the big seller damped with his distribution. With the weekend medical news dominated by diabetes, (and assuming a press announcement is forthcoming by our two favorite companies), it could set the stage for testing previous resistance. Maybe you should go double or nothing with Andrew for December 1st(:>>) Ted