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


To: bluejeans who wrote (23804)8/3/1998 8:38:00 AM
From: Henry Niman  Read Replies (2) | Respond to of 32384
 
Thanks for the heads up on the article:
paradise-web.com
I had heard that some of the institutions were abandoning some of the smaller Biotechs and it looks like the T Rowe Price Health Science fund participated.



To: bluejeans who wrote (23804)8/3/1998 9:44:00 AM
From: Mudcat  Respond to of 32384
 
I can't understand why they would want to sell a stock priced at around 11, that according to this thread is cheap even at 20, and has the best pipeline in the industry. Can you explain Bluejeans. Hey maybe they sold all the others and kept or are even buying more Ligand. Could this be a plot by T Rowe Price to get the stock price of biotechs down so they can buy Ligand at a cheap price. Sounds like a case for the cybersleuths. LOL



To: bluejeans who wrote (23804)8/4/1998 3:27:00 PM
From: Henry Niman  Respond to of 32384
 
The WSJ article was really about a shift from small Biotechs to big boys:

>>In this case the manager roiling the markets isn't Robert Stansky, skipper of the $75 billion Fidelity Magellan Fund. Instead, it is his younger brother, 34-year-old Brian Stansky, who took over the $300 million T. Rowe Price Health Sciences Fund in February, and quickly shifted its focus from small biotech stocks to pharmaceutical giants.<<