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

To: Mudcat who wrote (23673)	7/29/1998 11:07:00 AM
From: Machaon	Respond to of 32384

<< Why don't you stop the spin and answer the question. Why has Lgnd gone down 40% despite the good news? >> Ok. I will answer your question, since it was relatively free of insults. I didn't expect LGND to go down. In fact, I expected a biotech rally this year. Why did LGND and a bunch of other biotechs go down this year, even though there was a lot of good news on the biotech front? Good question! I don't really have a good answer. But, this much I will tell you: The biotech sector could turn around and go up, just as fast as it came down. LGND is under $12 right now. Will LGND be at $17 by the end of the year? I think so. Do I know so? No.

To: Mudcat who wrote (23673)	7/29/1998 11:14:00 AM
From: bob zagorin	Read Replies (2) \| Respond to of 32384

why the decline? mudcat, your comments rarely deserve a serious answer but i'll give you the benefit of the doubt today and two reasons. 1. general biotech bear market 2. allergan distribution for comparison look at 3 other biotechs that are executing on plan and have similar spreads from recent high to current low. VICL: 19/14 ISIP: 16/12 SUGN: 19/15 LGND has done slightly worse but it's the same general story . then, of course, there's your buddy tony's favorite stock which has dumped from 7/2.25 this year. perhaps we should have sold all are LGND and bought AMLN on tony's advice.