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

To: Chester Koerner who wrote (16124)	3/1/1998 12:21:00 AM
From: Hippieslayer	Read Replies (2) \| Respond to of 32384

If you are right, then I hope we see a dip back down to 13 so I can scoop up some more. It will be interesting to see how Wall st. views the NDA.

To: Chester Koerner who wrote (16124)	3/1/1998 4:07:00 AM
From: Alper H.YUKSEL	Read Replies (2) \| Respond to of 32384

<< Anytime between now and March 31,1998 LGND will be filing with the FDA. When this happens you should see the stock trade into the high teens(18+)or the low twenty's(21+). >> Chester, While I don't think that the markets are very 'efficient', I can't understand why we should see any price increase, on something that's not news anymore. I mean, LGND has announced on quite a number of occasions that the NDA filing will take place before the end of the quarter. Are you saying this because, you have witnessed the same with other biotech companies, or is it just your gut feeling ? BTW, if we see a signifcant rise on the NDA filing, I will have lost all confidence in the 'efficient markets' theory, which was not strong anyway. Regards, Alper