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

To: dwc who wrote (16536)	3/5/1998 12:07:00 PM
From: Henry Niman	Respond to of 32384

dwc, I expect several more positive press releases, but I'm not sure that "we need it" at this time. Although some posts would suggest that LGND is doing poorly, it's actually doing quite well, before and after the INTC news. Companies that have made sharp moves up are most vulnerable to a correction, but LGND's has been mild. If fact LGND could actually close higher today. At this time it does not look like it will close below $15, but of course I can give a very accurate prediction at about 4:00 today. Volume has been light and LGND is trading above its recent price (excluding the momentary spike to 16 and the end of the day rally yesterday). I haven't looked, but it sounds like Biotechs in general are doing well, and LGND is well positioned to lead the sector higher (with or without news).