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

To: bob zagorin who wrote (21128)	5/19/1998 3:22:00 PM
From: tonyt	Respond to of 32384

From yahoo: does this mean it's "breaking out"? weberna May 19 1998 2:34PM EDT Henry - You should stop wasting your time on reading the tape. Not that I know how to do it myself, but you ALWAYS make posts like these and it RARELY if EVER presages a significant (or more importantly LASTING) move in the stock. According to your posts "big boys" are always falling over themselves to buy into this stock - but somehow the stock has remained in a trading range for 2 years. And they never sell. This stock will not break out until they have significant results in a BIG indication or make significant profits. Look at EVERY OTHER major biotech company and this has been what has happened. Why will LGND be different? Targretin in type II diabetes is the only thing I can see that could cause it to break out. Cancer drugs tend to ramp up slowly, so it will be hard to tell initially if Targretin is going to be the next Taxol. Maybe it will be - but it won't be reflected in the stock until that trajectory is clear. I find it interesting that you would not speak to my remark that Ligand blundered when they promised an NDA and did not deliver. There is no way to spin that positively - they promised something and did NOT deliver. It proves your consistent unwillingness to demonstrate any balance. And it is your unconditional cheerleading for this stock significantly undermines the credibility of your thorough and very useful knowledge of this company's science. You give somebody like tonyt SO MUCH to ridicule, that I actually appreciate his posts DESPITE my own long position. This is the kind of ridiculous bullishness you could have seen on the Iomega boards before that stock got destroyed. The sheer CONTEMPT for tonyt is pretty unbelievable. I think he's very valuable. A little balance goes a long way. He has no power to harm the stock and I have never seen him say anything about the company that is factually untrue. I guess this makes me a "moaner and groaner." I'm not moaning and groaning - I didn't buy this stock thinking it was going to double in two weeks and flaming anyone who doubts that LGND is a rocketship waiting for take off. The bulls on this stock are completely ridiculous. I am very bullish on the long-term prospects of this company, I chose what I feel is an attractive entry point and I'm sticking it out without watching the tape. -Webern

To: bob zagorin who wrote (21128)	5/19/1998 3:32:00 PM
From: Henry Niman	Respond to of 32384

bob, I think that you are correct. If volume tops 1/2 million, it will be the highest since the breast cancer data of 2/12/98: LGND - Class B Common Stock Stock Price History Date Close Volume (00s) 05/18/98 14.375 2575 05/15/98 14.438 2005 05/14/98 14.125 3906 05/13/98 13.938 2298 05/12/98 14.125 2406 05/11/98 13.875 3109 05/08/98 14.000 4727 05/07/98 13.938 1411 05/06/98 13.875 2700 05/05/98 13.875 3381 05/04/98 14.250 2791 05/01/98 14.250 1143 04/30/98 14.500 1562 04/29/98 14.375 615 04/28/98 14.625 2819 04/27/98 14.438 2152 04/24/98 14.125 2235 04/23/98 14.563 1555 04/22/98 14.563 3172 04/21/98 14.563 1516 04/20/98 14.938 1222 04/17/98 15.250 1735 04/16/98 14.500 889 04/15/98 14.875 1500 04/14/98 14.813 1469 04/13/98 14.688 1903 04/09/98 15.000 1692 04/08/98 15.000 2899 04/07/98 14.875 3841 04/06/98 15.438 1697 04/03/98 16.000 1936 04/02/98 16.063 1682 04/01/98 16.125 1192 03/31/98 15.938 1769 03/30/98 15.563 2625 03/27/98 15.625 2722 03/26/98 15.063 1628 03/25/98 15.125 1178 03/24/98 15.625 726 03/23/98 15.313 1256 03/20/98 15.625 830 03/19/98 15.938 1457 03/18/98 16.125 3435 03/17/98 15.375 989 03/16/98 15.688 1868 03/13/98 16.000 1384 03/12/98 16.000 2047 03/11/98 16.063 2743 03/10/98 15.938 2091 03/09/98 15.813 1904 03/06/98 15.500 2603 03/05/98 15.500 1370 03/04/98 15.688 2484 03/03/98 15.313 1441 03/02/98 15.000 2354 02/27/98 15.000 3672 02/26/98 14.813 1407 02/25/98 14.750 965 02/24/98 14.500 1485 02/23/98 14.625 1379 02/20/98 14.625 4451 02/19/98 14.625 1235 02/18/98 14.750 3897 02/17/98 14.500 4653 02/13/98 14.313 4984 02/12/98 14.500 19670