<<RE Trend Analysis. IMO, if you look too hard at Intra-day trading, you can miss the FOREST for the TREES. All this hair-splitting about whether individual trades are buys or sells looks irrelevant to me. Who cares??>>
Who cares? Options traders. People who live within a dollar or 2 of a margin call. Short sellers.
In other words, weak hands. Long term investors pay scant attention to such dips, unless they are accompanied by bad news about the company. It seems that the posters here who are bearish never seem to be able to state any negatives about the company itself. They appear not to be very familiar with the company, only the price. That's too bad, because I, for one would like to hear any of the company-related concerns they might have. It also explains why they get rather rough treatment by some of the other posters. That also is too bad, because everyone should be welcome here.
The other problem is that they disappear from the thread whenever the price rises for a few days. I can't explain that one at all--it seems to harm their credibility that much more.
As for your forest::looks like almost a straight line down. I usually look for a reason for that. Haven't found one with Ligand, which indicates to me an eventual straight line up is also possible. Probably to 25 by the end of December.
If anyone who has been really down on the stock would like to research it:::It's a biotech development company, NASDAQ symbol LGND, full name: Ligand Pharmaceuticals, Inc. The company is located in San Diego, CA.
Hope I didn't lose anyone's attention by going too fast. |
