Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 191.90

+0.1%

2:37 PM EST

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To: Andrew H who wrote (7036)	9/19/1997 7:55:00 PM
From: bob zagorin	of 32384

Andy: TA update as requested BOP remains solidly in the green although it eased off a little today. This indicator, however, has less value on low volume than high. IAE, momentum has leveled off (MS indicator) while the stock is clearly still under accumulation. IMO, TA is not as valuable for a biotech stock because they do not have established business cycles etc. They're gonna move on individual news (cash burn, FDA, discoveries etc.) and, maybe, overall sector. But I do think it is wise to pay attention to that BOP indicator because it does show very clearly whether money is going into the stock or coming out. What it shows for LGND is that it is still going in but it has eased off slightly.

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