Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 204.63

-1.1%

11:20 AM EST

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To: tonyt who wrote (13772)	1/26/1998 12:42:00 PM
From: Proton	Read Replies (3) of 32384

Re: Huh? Based on todays activity, they [January 23 large trades] probably were sells. That's a non sequitur. They could have been buys that took a lot of demand off of the table. Testing $12 again. Coming right to the top of an intermediate support zone. If one believes that the support will hold, one should buy here (12 1/8) with a stop of 11 5/8 ask-intraday or 11 11/16 closing basis (risking one-half point). Or, if one takes the Tony/Eeyore outlook on LGND, one should sell short at 11 11/16 with a stop at 12 1/2 bid-intraday or 12 7/16 closing basis. Of course, this is just for entertainment purposes, so spare me the Buffetology, all. ;-) Pý

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