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

To: HerbertOtto who wrote (11846)	11/28/1997 6:39:00 PM
From: tonyt	Read Replies (4) \| Respond to of 32384

Suprisingly heavy volume for a shortened trading day. Big Block Selling continues (I'm suprised that no one noticed) Symbol : LGND Date : 11/28/97 Time Price Volume 15:47 12 3/4 100 15:02 12 3/4 100 14:18 12 3/4 100 13:30 12 3/4 100 13:00 12 3/4 100 13:00 12 3/4 300 12:49 12 3/4 1,000 12:48 13 100 12:45 12 7/8 500 12:44 12 7/8 1,100 12:44 12 7/8 1,000 12:36 12 7/8 1,000 12:26 12 3/4 400 12:13 12 3/4 13,100 12:12 12 5/8 15,000 12:12 12 3/4 1,100 12:12 12 3/4 4,000 12:12 12 3/4 1,000 12:12 12 11/16 1,000 12:11 12 3/4 1,000 12:11 12 3/4 1,000 12:11 12 3/4 1,000 12:11 12 3/4 1,000 12:10 12 3/4 1,000 12:10 12 3/4 1,000 12:10 12 3/4 1,000 12:00 12 3/4 1,000 11:59 12 3/4 1,000 11:57 12 3/4 1,000 11:56 12 3/4 1,000 11:56 12 3/4 1,000 11:55 12 3/4 800 11:55 12 3/4 800 11:55 12 3/4 1,000 11:55 12 3/4 1,000 11:54 12 7/8 500 11:51 12 7/8 200 11:45 12 3/4 1,000 11:45 12 3/4 1,000 11:44 12 3/4 10,000 11:39 12 3/4 300 11:37 12 7/8 700 11:31 12 3/4 300 11:25 12 7/8 5,000 11:24 12 7/8 4,500 11:24 12 7/8 1,000 11:20 12 3/4 600 11:19 12 7/8 500 11:12 12 7/8 700 11:12 12 7/8 400 11:11 12 7/8 1,000 11:07 12 7/8 1,000 11:00 12 13/16 100 10:57 12 13/16 500 10:54 12 7/8 200 10:39 12 7/8 900 10:39 12 7/8 100 10:39 12 7/8 1,000 10:30 12 3/4 1,000 10:24 12 3/4 1,000 10:11 12 3/4 600 10:07 12 11/16 15,000 10:07 12 3/4 1,000 10:06 12 3/4 1,000 10:06 12 3/4 1,000 10:06 12 3/4 2,000 10:05 12 3/4 1,000 10:05 12 3/4 1,000 10:05 12 3/4 1,000 10:04 12 3/4 100 10:01 12 3/4 400 10:00 12 3/4 1,000 10:00 12 3/4 1,000 10:00 12 3/4 1,000 10:00 12 3/4 1,000 10:00 12 3/4 1,000 10:00 12 3/4 1,000 10:00 12 3/4 1,000 09:56 12 5/8 10,000 09:55 12 3/4 14,800 09:55 12 11/16 200 09:54 12 11/16 7,800 09:54 12 11/16 1,000 09:54 12 3/4 10,000 09:53 12 3/4 900 09:53 12 11/16 1,000 09:53 12 3/4 100 09:52 12 3/4 100 09:52 12 3/4 5,900 09:52 12 3/4 1,000 09:52 12 3/4 900 09:52 12 3/4 2,100 09:52 12 11/16 100 09:48 12 7/8 1,400 09:30 12 7/8 100

To: HerbertOtto who wrote (11846)	11/28/1997 7:20:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 32384

>>Seasonals are positive now. And no matter how I stretch, I can't see how Asia can have a significant negative impact on LGND. << Interesting overall analysis, Herbert. Yes, seasonals are positive and dilution is out of the way. Asia could have a significant impact on LGND by impacting the market as a whole. The biotechs are unlikely to rise much in a falling market. As for Murphy's predictions, he used to suggest those $100 targets for one year after the company's first drug receives FDA approval which for LGND should be mid 1999. It is worth noting that his number one picks for this year were, I believe, DIMD in technology and INSV in biotechnology. His top ten picks in order in the Feb 28th, 1997 issue were XOMA, TRGA, GNTA , INSV, CORR, COCN, CHIR, ANRG, GERN, RZYM. Virtually everyone except CORR is currently under the price at that date. 90% (9 of 10, that is) are now lower than where he recommended them. Now there's a stockpicker for you. (:>) Even a monkey with a dart would be expected to get 50%

To: HerbertOtto who wrote (11846)	11/29/1997 5:44:00 AM
From: Alper H.YUKSEL	Read Replies (2) \| Respond to of 32384

Herbert, Interesting analysis. I believe (hope ???), we got as low as we could, now that the news is out of the way, the SE Asian crisis is fully developed, and the biotech conferences are coming up. If LGND remains at these levels for another couple of months, I plan to increase my holdings substantially. I don't have any problem with the timeframe (as long as I don't get a margin call, that is). On the other hand, I'm worrying about the intensifying competition. While LGND's pipeline is broad, in every field, there are many companies concentrating on the same disorders. BTW, what software are you using for TA and do you have any textbooks to recommend on the subject ? (Not that I'm a great believer in TA, however I believe that there are times where it can help.) Thanks Alper