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


To: John O'Neill who wrote (17472)3/15/1998 9:05:00 PM
From: Andrew H  Respond to of 32384
 
Well, John, I've always got an opinion. Its pretty hard to say what will happen to LGND in the shorter term with the news of the Panretin filing, but by the end of the year, I expect the stock will be at least between 25-30. I don't think we will see a lot of selling on the news. On the other hand, it wouldn't surprise me if we didn't see a lot of buying either. However, with the considerable good news to follow for the rest of the year, we should trend inevitably higher.



To: John O'Neill who wrote (17472)3/16/1998 8:31:00 AM
From: tonyt  Respond to of 32384
 
This stock has always been a 'sell on the news' trading stock that has never stayed above $18 for long. Maybe this time will be different? I wouldn't bet on it.



To: John O'Neill who wrote (17472)3/16/1998 9:33:00 AM
From: tonyt  Respond to of 32384
 
> Who would have an opinion on the nature of upcoming announcements to risk a
> guess on whether it will be "buy the rumor, sell the news" or if confirmation of
> success will boost the stock past $18 to new heights.

As has been pointed out 'Everyone knows the Panretin filing and other news is coming' -- therefore "buy the rumor, sell the news".