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Biotech / Medical : Ligand (LGND) Breakout!
LGND 203.80+1.2%11:25 AM EST
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To: RXGOLF who wrote (14664)2/11/1998 9:31:00 PM
From: Henry Niman  Read Replies (2) of 32384
 
RXGOLF, If you paid attention, you would still be looking for Monday's pullback and would not have bought at the open. In fact at this time you would be sitting on the sidelines because this is the season when Biotechs begin their decline. If you paid attention, you would know that an oscillating pattern that LGND has produced over the past few years would have resulted in a correct prediction about half of the time if you always said that LGND would decline. If you were paying attention, you would have also noted that a recent prediction that LGND would turn around after bouncing off 11. In fact, if you were paying attention, you would have seen several contradictory predictions which could be selectively cited no matter what LGND did.
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