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

To: celeryroot.com who wrote (24270)	8/9/1998 3:12:00 PM
From: CYBERKEN	Read Replies (1) \| Respond to of 32384

Right. The spread right now is only 5 7/8 and it would be conservative to assume that spread would advance to 7 or 7 1/8. Probably best to say 1 1/4 of the current difference would be "lost" in the advance. So lets see: Ligand moves up 5 to 15+ for about a 50% increase, while LGNDW moves up only 3 3/4, but the % increase is still greater. Being a little less conservative would be to assume the differential would only deteriorate to 6 1/2 to 6 3/4, in which case the LGND % performance advantage would be even greater. If anyone wants to build a lot of tedious tables on this (as I have in the past), I think they will find pretty much the same thing.