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

To: Hippieslayer who wrote (23914)	8/4/1998 7:07:00 PM
From: Henry Niman	Read Replies (2) \| Respond to of 32384

Fuzazi, Those who are looking for reasons to sell are frequently put into the "weak hands" category. Of course today there were many weak hands as the Dow fell almost 300 points (3rd largest point drop in history) and NASDAQ was down over 65 (2nd largest point drop in history) on almost 1 Billion shares. Biotechs were also hit hard, with the two groups listed by SI dropping over 3% each (the smaller Biotechs fell almost 4% - techstocks.com ). LGND's drop of 1/4 point was rather small today. VICL was at $18 a few weeks ago and it hit 10 1/2 today, while AMLN was today's biggest % loser among the larger Biotechs: techstocks.com CNBC just indicated that "Biotechnology was down 4.2% today."