Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 185.01

-1.8%

3:59 PM EST

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To: Henry Niman who wrote (16336)	3/3/1998 3:21:00 PM
From: Flagrante Delictu	Read Replies (4) of 32384

Henry, >> I'm really not a trader. << Fortunately you don't have to be to notice that LGND seems to like to move in an almost relentless trend. The declines from 19 3/4 to 9 1/8, and, more recently from 18 3/8 to 10 7/8, seemed like waterfalls with almost unrelieved daily infliction of punishment. Similarly, the moves up from 5 1/2 to 19 3/4 and from 9 1/8 to 18 3/8 had a more pleasurable relentlessness to them. This current move from the low close{ down from 18 3/8 to the 11 low close on 1/29/98 }, has the same upside relentlessness to it. Specifically, after the first of back to back closes at 11 on 1/29 & 1/30/98, LGND has since had 11 higher closes, 6 unchanged closes & only 4 down closes. The gaps have remained unfilled & the relentless power is leaving in its wake those who seek weakness to cover their shorts and/or augment their position. With news around the corner, we should have a most interesting & rewarding March. Bernie

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