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

To: tonyt who wrote (23857)	8/3/1998 9:28:00 PM
From: Hippieslayer	Read Replies (1) \| Respond to of 32384

Good question. See, the issue here isn't whether we were right about the weakness of this stock but whether it's valuation was justified. Today's volume was high in comparrison to the last couple of weeks. Where's the base? At some point, the price will bring in buyers but if what I think will happen to the market in the coming weeks comes to fruition, those that buy at this level could be seeing themselves down 50%. When the talk of the GCF mimic was all the rage-before the news was released which was about 3 months ago I think- was it hyped to be effective in mice or in humans?