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

To: Henry Niman who wrote (21709)6/2/1998 3:00:00 PM
From: Sleepman  Read Replies (1) | Respond to of 32384
 
Given this obviously great news, what is the deal with the stock?
I thought that it would bump on the NDA news, and now it is not even going with the Ontak news. I have no doubts that this company is cranking, but I do not understand the price movement. Dan



To: Henry Niman who wrote (21709)6/2/1998 3:11:00 PM
From: Phil Cressman  Respond to of 32384
 
Can't help but think the activity in SRGN shares is taking interest away from LGND. Like many Ligand longs I felt a play in SRGN at 52 cents was a great way to play Ligand long at little risk. Proved out right and cashed in at 65cents today. Possibly tomorrow Ligand will receive some analysis and buyers will line up. With this deal Ligand should surely have moved up a dollar or two. Go figure.


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