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

To: RXGOLF who wrote (14525)	2/10/1998 3:16:00 PM
From: tonyt	Respond to of 32384

Well, the market is up 125 points (NASDAQ up 20). "A rising tide....."

To: RXGOLF who wrote (14525)	2/10/1998 3:56:00 PM
From: Hippieslayer	Read Replies (1) \| Respond to of 32384

Sure, RXGOLF. Just that it won't be up for long. This thing is going to tank. Just look how badly my other short trade is doing, IDTI today. IDTI and LGND are both dogs. Both will be bankrupt withing 5 working days.

To: RXGOLF who wrote (14525)	2/10/1998 10:45:00 PM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

RXGOLF, Today's action was a nice addition to yesterday's stabilization just below $13. If you recall, several posters expected a significant pullback yesterday. Instead the price was solid. Today it easily moved above $13. Tonight's news should fuel another move up. I expect the good news to continue (positive prostate and ovarian cancer news as well as more details on Panretin oral for KS to be detailed on April 8 as well as ASCO in May and the International (Geneva?) meeting in June). LGND is also presenting at UBS in April (in Europe) as well as H&Q in May (in Europe). Wires will be hot. Should be an interesting show for those sitting on the sidelines because they think that now is the time that Biotechs decline :-). I guess PTB was right.