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

To: Mudcat who wrote (21531)	5/28/1998 7:57:00 PM
From: bob smith	Read Replies (1) \| Respond to of 32384

>>Like Fugazi said its dead money.<< IT'S DEAD MONEY FOR TWO YEARS!!!!!!!!! While everything more then doubled and tripled since then! And in spite of allllllll that hype.......

To: Mudcat who wrote (21531)	5/28/1998 7:59:00 PM
From: roy whitt	Respond to of 32384

hey mudcat I look at this at longterm hold In my eyes this is still a start up company with lots of products coming I am willing to wait it out for the long term let them developed the drugs and get them to market. and see how they do...... This company should be in the high risk area of anybodys portfolio ! The thing I like the most about this company is there pipeline How many Bio-techs have a pipeline like Ligands none that I know of.... There is one other Bio-tech that I am big on that is truly underfollowed and that is Cypros Pharmaceutical (cyp) They have 2 drugs going into Phase lll testing for 3 indications and the markets are HUGE.... for two indications and the third one is not two bad either....but with any Bio-tech they can crash fast.....so you got to be careful....

To: Mudcat who wrote (21531)	5/28/1998 8:11:00 PM
From: Machaon	Respond to of 32384

<< This stock is pitiful! >> Hey! I've made good money trading in and out of LGND, and so have others. If you've lost money, investing in LGND, over the last two years, I feel bad for you. Perhaps, if you put aside about half of your holdings in LGND, say about 100 shares, for day trading, you might do better. Another stock that hasn't done too well over the last two years is GEMS. It has plunged from the $50's down to the single digits. I've made quite a bit of money trading that stock also. Right now I am long LGND, and intend to stay that way until the situation changes (maybe). But, I trade other stocks, including options, to try and make money. Bottom line: Do your own research, and make your own decisions. Like the rest of us, if you make bad investments, the blame falls at your feet. Good luck, Bob ps: GO LGND!!!

To: Mudcat who wrote (21531)	5/28/1998 8:27:00 PM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

Mudcat, I suspect that many long term holders of LGND are also frustrated at LGND's price action and are ready to sell. In fact that is what I implied last night when I said that a major shakeout is in the works. Today's high volume (with several 100K blocks going off at the ask) and little price movement comes as no surprise. I think that weak hands are ready to throw in the towel, which is what is required for a major rally. Several months ago CNBC commented on individual investors. They were quite a heterogeneous group, but the one thing that the many individuals had in common was an inclination to sell at lows. LGND has matured quite a bit since the LLY deal, but the sector has continued to disappoint, so the group has really underperformed lately. Many big boys are now ready to hop on board and many major brokerages are ready to initiate coverage. Both groups of course would like to act when LGND's price is low, as it is now. I look for heavy volume to continue. Individuals may be squeezed a bit more, and Farallon may also help keep a lid on LGND's price. However, an approval rec next week on ONTAK should get the big boys stepping up to the plate. It began in earnest yesterday, and I expect it to continue big time next week. I actually would like to see some of the moaners and groaners sell out soon. There are many waiting in the wings for such an event to happen.

To: Mudcat who wrote (21531)	5/29/1998 11:41:00 AM
From: Andrew H	Read Replies (1) \| Respond to of 32384

>>This stock is pitiful! I'm ready to sell a good portion of my shares, if we see good news next week on Ontak. Like Fugazi said its dead money.<< Hallelujah!! God be praised!! If you are agreeing with Fugazi, then a sharp rise must be just around the corner!!