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

To: Andrew H who wrote (11360)	11/18/1997 3:14:00 AM
From: shasta23	Respond to of 32384

HI ANDY! Looked at LGND Chart(chard?!) tonite and it seems now that we're establishing a new base here. Some early indicator show a little uptick but to interpret it as bullish is a little to early. But in general i'm a little more optimistic for the next days...of course if we have a major market pullback(japan might be a bringer of good news!but the US futures market is relatively quiet and not roaring like yesterday night) then LGND is too weak here to float up on it's own strength. To a certain extent i believe that investor sentiment has changed. My feelings in regards to LGND are definetely more cautious now whereas they had been overly optimistic before- almost invincible. It almost felt for a while that the stock couldn't go down especially with the big deal coming.Expectations are down now. LGND isn't anymore the new flavor on all threads. Now we know that this stock still fluctuates strongly but that the long term trend might be up now(before i think it was more like in a trading range, but things have changed fundamentally with the deal and so many studies to come out). Maybe this is a good opportunity to buy for newcomers to this stock but i have already way to much weight in LGND. I'm looking for 17 around years end..or better 17 1/2! Anything above would be a pleasant surprise!! Stefan