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

To: CYBERKEN who wrote (24248)	8/8/1998 11:06:00 PM
From: RXGOLF	Read Replies (2) \| Respond to of 32384

<<Find me anyone alive who ever lost money buying Ligand in the 9's>> So CYBERKEN, I can have some confidence that if I buy at these levels, I can go back to making money trading LGND? If this isn't close to the bottom, the market as a whole is going to get real ugly IMHO!! Thanks, Greg PS: IYO, are the warrants are the shares the best value here??

To: CYBERKEN who wrote (24248)	8/8/1998 11:18:00 PM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

Are bells ringing?

To: CYBERKEN who wrote (24248)	8/8/1998 11:29:00 PM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

Actually, right after LGNDA converted to LGND the price fell from 9 to 5 1/2. It was the bottom of the Biotech bear market and some would have lost money if the sold at that ridiculously low level. The cheap price did attract the interest of Jim McCamant and Michael Murphy, and they both added LGND to their model portfolios. That was quickly followed by David Molowa of Bear Stearns initiating coverage. Within several weeks, LGND was back into double digits and since the they have only briefly dipped into single digits.