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

To: tonyt who wrote (14654)	2/11/1998 8:24:00 PM
From: bob zagorin	Read Replies (1) \| Respond to of 32384

tonyt. IMHO only. LGND fell from 18 to 11 in 3 short months from mid-Oct to mid-Jan. There was no bad news but the arbitrage issue was a real factor. Once the downward momentum got started, it accelerated as a result of Asia and the flight to big blue chips. I would now expect LGND to go back and test that resistance in the 17.5 area fairly quickly, maybe within a few days. I'm not so sure about breaking thru that w/o more news. Again, just MHO.