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Biotech / Medical : Ligand (LGND) Breakout!
LGND 192.29-0.4%Dec 16 3:59 PM EST

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To: tonyt who wrote (16531)3/5/1998 11:33:00 AM
From: Proton  Read Replies (1) of 32384
 
Re: Rotation and Predictions

Opps. Anyway looks like April Fools day may arrive today...LGND looks like it will be down slightly at $15.25 at the open.

Today's LGND action looks quite normal in the dual context of today's overall market and the stock's recent action. Oughtn't get excited about small moves, right? :-)

LGND briefly pierced support at 15 1/4. Volume has been diminishing into the drop, which is a good sign.

Biotechs modestly higher today. Ethical drugs looking downright robust: can anyone say defensive rotation?

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