Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 194.67

+1.2%

3:59 PM EST

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To: Henry Niman who wrote (13458)	1/18/1998 12:38:00 PM
From: j g cordes	Read Replies (2) of 32384

Henry, I'm a technician more than a fundamentalist in stock selection.. looking at LGND over the last two years, its at or near the bottom of a horizontal trading range between approx 11 and 17. Currently momentum, rsi, and stochastics are at their nadirs with a small hint of a turn coming from the momentum occilator. I see unusual volume spikes, without seeing the trading sheets, I can't tell if its buying or selling. Over the last two years late February/March has been a low cycle on price (perhaps a good time to begin buying with the idea of selling at the channel highs). The stock seems to have a tradeable rythem. Reading some of your posts it appears you are looking at LGND to show better sales a year or better out in time as "... begin prescribing it off label next year." Is this your time horizon for seeing an investment in this stock pay off? thanks. Jim

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