Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RXGOLF who wrote (15195)	2/17/1998 4:33:00 PM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

RXGOLF, I agree that most predictions that suggest that the price can go up or down are usually right on the money. This earlier post led to the "predictions": wwww.techstocks.com

To: RXGOLF who wrote (15195)	2/17/1998 4:43:00 PM
From: tonyt	Respond to of 32384

Actually, as I pointed out, I stated that it was tough to call what would happen last monday, however, certain 'threadsters' here like to distort the facts and just pick out that I said there 'might' be a pullback (and imply that I said there would be a pullback) while ignoring the fact that I also said it might run to $15. If these simple verifiable facts are being distorted, what else is?? --Tony

To: RXGOLF who wrote (15195)	2/17/1998 4:43:00 PM
From: Henry Niman	Respond to of 32384

RXGOLF, Speaking of fearless predictions, two weeks ago someone posted that LGND could be trading below $10 soon and $15 was a good "takeover" price for LGND: Message 3309073 Of course if LGND is going below $10, but it could drop from $12 and of course it could go to $15, then all you have to do is wait until one of the above happens and then tell everyone how correct your predictions are!

To: RXGOLF who wrote (15195)	2/17/1998 4:51:00 PM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

I believe that the "facts" on some of the posters are abundantly clear. However, the incorrect "predictions" made just two weeks ago are quickly forgotten (by some). The same approach has been used to indicate that LGND's price is heading south due to big boy selling. If the block trades at the bid, then it's clearly a sell. However, if it trades at the ask, and the price briefly dips afterwards, then that's another sell based on the "follow the tape" theory. It's amazing how LGND's price can go from "heading below" $10 two weeks ago to $16 last week, with all of the big boys selling that seems to show up everyday, according to some interpretations of the tape.

To: RXGOLF who wrote (15195)	2/17/1998 5:00:00 PM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

Actually, Two weeks ago, the bears were growling. The suggestions was that Biotechs should be revisited in August. I guess LGND (which was trading around $11 a couple of weeks ago wasn't paying attention to the calendar when they began to light up the wires: Message 3303672

To: RXGOLF who wrote (15195)	2/17/1998 5:02:00 PM
From: tonyt	Read Replies (1) \| Respond to of 32384

Only 29% more and LGND will be back to its 52 week high (I believe it was stated by some at that time that LGND was cheap at that price and predicted that it would soar into the 20's <drive to 25?? -- looks like the truck got a flat!>)

To: RXGOLF who wrote (15195)	2/17/1998 5:22:00 PM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

I'll stick by my statement that LGND is cheap at 18 3/8 (its 52 week high). If you look at the 1996 Roberston Stephens' report for EPS predictions in 2003 and look at the recent Bear Stearns' report, you will see that their predictions are similar (around $2.00). The Robertson Stephens' report goes out to 2006 with EPS increasing close to 100% per year and hitting $14.55 in 2006. Some like to calculate share price by multiplying EPS by the growth rate which would translate into a $700-$1400 price for LGND, making the triple digit price look like its a log lower than it should be (and I thought that the $14.55 was conservative :-)).