Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 206.54

+3.2%

Jan 9 9:30 AM EST

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To: DrJerry who wrote (12856)	12/29/1997 10:38:00 AM
From: Proton	Read Replies (1) of 32384

Re: LGND Technicals Dr. J's failsafe chart says that when LGND charts are at bottom (Dec. 24) and the stock declines on that day but the warrants have an up-day (resulting in significant increase in time premium) that it is time to jump back in. Interesting tell you've found there, Dr. J.! It provides further corroboration for the cyclical case I've made before. Look at the weekly chart and marvel at the consistent four-five month cycles in this stock. This is the timeframe for a cyclical bottom to establish. A stop between 11 and the 19 Dec low of 11.25 may provide good protection. If one is willing to risk 1-1.25 points, long LGND may be a worthy trade. If the cycle holds, expect a trading high between Valentines Day and the Ides of March. No guarantees! Happy New Year, everyone. Pý p.s. Looks like the tape is trying to invert 12 from short-term resistance to support.

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