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

To: tonyt who wrote (20261)	5/8/1998 6:03:00 PM
From: Hippieslayer	Respond to of 32384

Nice to see Legg Mason, whom we deal with via their stock loan dept, give a thumbs up, but it would have been nice if the news hit before or during the session today instead of after the close (at least that's what yahoo is showing). It would also be nice to see what LM had to say about lgnd. As far as price potential, unless others start to initiate + coverage of LGND, I don't see that the NDA or any other blase news will help lgnd. What lgnd needs is some stellar news about their trials. I hope to see some more weaknes in the stock so I can pick some up at a nice price.

To: tonyt who wrote (20261)	5/8/1998 8:43:00 PM
From: Mudcat	Read Replies (2) \| Respond to of 32384

<(wasn't LGND supposed to be at $20 by now?> Tony, I think the spin doctors were predicting Lgnd hitting $20 for last October or even earlier (didn't Henry lose a few bottles of wine with those predictions). What really seems funny to me is that many yea-sayers appear happy that we are now at 14 with heavy volume, a number that they squacked long and loud would never happen a few weeks ago when we were predicting it. Now I see predictions of 16, a real tough prediction assuming the NDA is due out and earnings will be released next Thursday. 16 is only half way back to the high of around 18 a couple of months ago.