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

To: Torben Noerup Nielsen who wrote (19768)	4/28/1998 7:32:00 PM
From: bob zagorin	Respond to of 32384

good technical confirmation today from TC2000. BOP moved up further into positive territory; moneystream continued up and volume was up. my experience with these indicators says "beginning of a move". ps. i posted when they were declining as well. they have a good track record with LGND.

To: Torben Noerup Nielsen who wrote (19768)	4/28/1998 8:29:00 PM
From: WTDEC	Read Replies (1) \| Respond to of 32384

Torben, in addition to the TA from Bob, Note that the premium on LGNDW at today's close is $1.375. This is a very rich premium IMO, and with the relatively high volume you observed, suggests at least a bullish start tomorrow for LGND. Celeryroot you understand these relationships better than me, so if you are around perhaps you could comment. Sorry, I don't know the level of liquid LGND. As you know, many of the shares are restricted because they were issued as part of the deals with big pharmas. My tummy tells me the illiquid piece is material, but not huge. A quick look in the AR was no help. Perhaps someone else has kept count. Regards, Walter