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

To: tonyt who wrote (16487)	3/4/1998 9:20:00 PM
From: Torben Noerup Nielsen	Read Replies (1) \| Respond to of 32384

Tony, That is a reasonable opinion. I of course hope that LGND isn't that badly affected. If there is to be a drop in price, it would be nice if it occurs on low volume; i.e., some buyers hoping for a good price but not many sellers willing to let go at that level. What really interests me now is the warrant. The price is quite interesting now as Bernie and others have noticed. To me it has looked a bit like a compressed spring ready to let go and the high volume today made me think that even more so. But who knows how tomorrow will go. Strangely enough, I do not sense that much doom and gloom over the INTC warning. It is almost like everyone has been waiting for it and it is kind of a relief now that it is out. Some tech stocks have been going up at a clearly feverish pace and something had to break that streak. Also, INTC isn't being hit that hard in after hours trading. Take a look at ADPT a few months ago when they warned and subsequently fell short. Yes, there were lawsuits too, but still.... Some sort of correction is clearly necessary in the market overall. Thanks, Torben