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

To: tonyt who wrote (11586)	11/22/1997 7:46:00 PM
From: medsunman	Read Replies (1) \| Respond to of 32384

TonyT, you've got to know that those are fightin' words with this bunch. What you say makes sense, but its mighty painful to hear. When Andy posted that there wouldn't be as much news coming out between now and year end as we all had been hoping for, well it was then that I knew we were in real trouble. These biotech stocks trade on events, and LGND just doesn't have that many exciting events coming up anytime soon. Face it, this is an early-stage developmental company. It may have a drug in the market soon for Karposi's, but that is a small market, and its shrinking. Off-label sales for other indications is pie in the sky. LGND looks good long-term, but you could get out now, make some $'s in something else, and get back in at these prices next Spring.