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

To: tonyt who wrote (24148)	8/7/1998 2:52:00 PM
From: Torben Noerup Nielsen	Respond to of 32384

Tony, I wouldn't see Allergan selling as a bad sign. That overhang has to be cleared sooner or later and we might as well take it sooner. Their cost basis isn't all that high and although they would likely loose money at this level, making money on stock of competing companies isn't exactly their business. What I find interesting is that the range has narrowed. Also, I wasn't expecting much improvement today since it is Friday and there really hasn't been anything new. All I'm hoping for right now is some stabilization in the market. Some peace and quiet is really needed. Thanks, Torben