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

To: Alper H.YUKSEL who wrote (16134)	3/1/1998 8:26:00 AM
From: Russian Bear	Read Replies (3) \| Respond to of 32384

Everyone, Ligand just announced the release of expanded phase I/II Panretin gel studies for KS: biz.yahoo.com A quick look through the release failed to identify any substantial, new information. Did I miss anything important in the statement? RB P.S. I am really, really curious about the LLY compound decision. My "gut feeling" is that the deadline for a final decision has been extended, and we will all need to wait a bit longer. P.P.S. I did find the following quote interesting (re: oral Panretin phase II:) "We are encouraged by the data from these two Phase II studies and plan to complete development work and file an NDA in 1999."

To: Alper H.YUKSEL who wrote (16134)	3/1/1998 4:57:00 PM
From: WTDEC	Read Replies (2) \| Respond to of 32384

Torben and Alper, Enjoyed your discourse on efficient markets. Would only add that I think markets reward only risk takers and providers of liquidity (other than illegal manipulation or use of insider info.). By risk takers I mean those who are at the forefront of information on a particular company and are willing to take the risk that, based on the information, things will play out in a particular way (good if you are long, bad if short) for the company. I think this is why a great thread like LGNDadds value....we have leading edge information and are more comfortable with how things will ultimately play out. I was a LGND stockholder long before I found this thread, but since following the thread, I've felt even better about LGND and have, consequently, added to my position Providers of liquidity include MMs who provide it on a daily basis, but also other investors in tune with technical situations which cause temporary aberrations in supply or demand. Many feel the so called January effect is an example as year-end tax loss selling (based on investor tax situation not having anything to do with the company fundamentals) ends and reinvestment begins. Sorry if this all sound like a lecture... Regards from the guy in the middle (Turkey-NJ-Hawaii). wtd

To: Alper H.YUKSEL who wrote (16134)	3/2/1998 12:58:00 AM
From: Torben Noerup Nielsen	Respond to of 32384

Alper, >Huh ! I'm surprised any threadster's awake and sitting at the PC at >your end of the world at this time I came from Denmark and maybe this is a bit of residual biorythm you are seing. Even though it has been more than 20 years, who knows :-) But do note that I am in UTC - 10 so it is not all that surprising. I am 2 hours behind California at this time of the year and 5 hours behind the East Coast. Middle of the Pacific you know :-) >But if you can reach knowledge beyond the collective and reach >different conclusions (which I believe we can), than that's not 100% >efficient markets. I'm not sure this follows. Do you think that you and I are likely to reach the same conclusions just because we are presented with the same set of facts? If this were so, there would never be a hung jury. Neither would there be a need for as many people on the jury. For me the difference lies in the expectation part. And what goes into forming those expectations is beyond me - the inner workings of a human brain are somewhat difficult to fathom. Maybe we can agree that the markets are 90% efficient? :-) Cheers, Torben