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


To: J Stone who wrote (27626)1/27/1999 11:01:00 AM
From: bob zagorin  Read Replies (1) | Respond to of 32384
 
for those of you tracking the Allergan arbitrage. Here's a line from their current Q report. just read the report quickly so someone might one to retrieve and look more closely.

"... a one-time gain during the second quarter of $5.5 million related to the sale of Ligand Pharmaceuticals Incorporated (Nasdaq: LGND) stock, and one-time gains during the third quarter of approximately $13 million from the sale of product rights and technology collaborations..."



To: J Stone who wrote (27626)1/27/1999 11:27:00 AM
From: RXGOLF  Read Replies (1) | Respond to of 32384
 
Yes J, volume is fairly strong again and I agree with your analysis of the current volume. Ideally, the volume would just stay strong up to approval, and through the next approval, and then let the volume subside after the price stair stepped up through Panretin and Ontak. I realize the chances of such a scenario are slim, but ....who knows for sure?

Good trading,
Greg