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

To: Henry Niman who wrote (23274)	7/16/1998 8:45:00 AM
From: Machaon	Respond to of 32384

<< Then when the overhang was gone, the price doubled to LGND's all time high of 19 3/4 within a few months. >> That's why I'm thinking of establishing a trading position. I still like LGND as a long term investment. But, over the next 6 months, there should be a way to take advantage of the known fact that Allergan is going to dump shares on any rise in stock price. Perhaps the combination of Allergan running out of shares, ONTAK approval, Panretin Gel approval, and the other three NDA's will finally signal LGND's breakout. Regards, Bob