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

To: Mudcat who wrote (20083)	5/5/1998 11:28:00 AM
From: Arthur Radley	Respond to of 32384

Check out the following from Red Herring magazine: redherring.com

To: Mudcat who wrote (20083)	5/5/1998 11:36:00 AM
From: Henry Niman	Read Replies (2) \| Respond to of 32384

Mudcat, LGND's move on the disappearance of breast cancer is VERY easy to see on a daily chart: techstocks.com LGND first jumped on a positive earnings surprise (from about 11 to 13 1/2) on Feb 6, and then jumped again (to 16) on Feb 12 when the breast cancer press release came out (in both cases the press release came out the night before, Feb 5 and Feb 11, after the close). These gaps higher were based on the news of the day, not the NDA. I think that the gaps higher are obvious to anyone who would care to look.

To: Mudcat who wrote (20083)	5/5/1998 12:37:00 PM
From: Machaon	Respond to of 32384

<< Are you forgetting that Lgnd already put out their animal tests for breast cancer. >> I'd forget my bottom end, if it weren't attached! As previously mentioned, the ENMD news was out for a couple of months before the "news hype" hit. In fact, another stock I own, CEGE, almost doubled by reissuing a news release that was about a year old! Someone call up LGND and have them hype their breast cancer results vs. Tamoxifen!!! I could just see the members of this thread reacting if LGND would get hyped and runup the way ENMD did! Most, thirsty and hungry for profits, would rush in sell orders as fast as they could. The ENMD runup gave them a market cap about equal to LGND, since they have much less shares issued, so I wouldn't expect a runup of the same proportions, if it ever did happen. Buts....... It would sure be nice to see Walter's "$20 by 20,000" come true (a slight tad late). Regards, Bob