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

To: Arthur Radley who wrote (12828)	12/23/1997 11:08:00 PM
From: Machaon	Read Replies (1) \| Respond to of 32384

<< For a contarian view, can this be the bottom? >> I've been looking for bigger blocks of trades to hit the biotechs. I noticed what appeared to be larger blocks on various biotechs that I follow, including LGND today. Also, biotech trading has gotten quite erratic during the day. It does appear to be some larger block buying coming into the biotech sector. I guess when one is drowning in the sea of red biotech ink, even the flimsiest life preserver helps. But, IMHO, these are good signs. Plus, how cheap can these stocks get? (Please don't answer that). What is going to be the catalyst to start the "Mother of All" biotech rallies? And....... Is it going to occur in the near future? Happy Holiday, even though you are from Texas, Bob