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

To: shasta23 who wrote (17868)	3/25/1998 5:42:00 PM
From: tonyt	Respond to of 32384

Smells like something is burning, but it ain't rocket fuel! :-)

To: shasta23 who wrote (17868)	3/25/1998 6:13:00 PM
From: Schmedley	Read Replies (1) \| Respond to of 32384

[The only thing that i find positive is that the pullback is on low volume] That being said, I would have to believe any news -expected, suspected or otherwise will have a significant impact on price. Perhaps it is the "Pro's" that are attempting to spook the market lower by selling shares to each other on low volume. Market tops as well as bottoms are usually accompanied by high volume. We can only wait and see how many fools will jump ship and bail -now that the trendline has been violated.Let's hope that quite a few do, as the MM's will now drop price until they accumulate enough shares for the next rally. I will be watching for that high volume reversal. Schmedley

To: shasta23 who wrote (17868)	3/25/1998 8:31:00 PM
From: Henry Niman	Read Replies (2) \| Respond to of 32384

Stefan, I expect quite a bit of upcoming news. In the next few days LGND should announce the NDA filing as well as a milestone payment associated with AHP filing an IND for TSE for osteoporosis. Since LGND has final International Phase III data for the NDA, I expect a press release on that also (and I expect the data to be very good). On April 7 LGND will present their oral Panretin data for KS at an AIDS meeting sponsored by the AIDS Consortium. Later next month LGND will be presenting at UBS in Europe. I think that the NDA will bring some new analysts on board. I expect Raymond James to re-initiate coverage and I would not be at all surprised to see Merrill Lynch re-initiate coverage also. I suspect that other major brokerage houses are finializing their reports and their new coverage will bring in new buyers. I also think that there are big boys (institutions) on the sidelines who will come on board big time when the price begins to take off on heavy volume. There is much more news to follow. A new alliance or two would also come as no surprise. In fact I would be surprised if one or two were not announced fairly soon. LGND will be at ASCO in May as well as at the London branch of H&Q. In June they (and the AIDS Consortium) will be presenting big time at the International AIDS Conference in Geneva. I expect final Targretin topical and oral data for CTCL to also come out around the middle of the year as well as LLY to move into diabetes clinicals with Targretin and LGD1268 (or LGD1324). In summary, I expect news to come out fast a furious, which will make investors sit up and take note. The positive clinicals will again be in stark contrast to the rather steady diet of disappointing clinicals generated by others. Investors will begin to focus, which will be a major plus for Ligand.