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Biotech / Medical : Ligand (LGND) Breakout!
LGND 189.55+3.5%Dec 12 9:30 AM EST

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To: Flagrante Delictu who wrote (17141)3/11/1998 4:57:00 PM
From: HerbertOtto  Read Replies (1) of 32384
 
Bernie, >> There are a number of old-timers who believe that volume follows price. << A good friend of mine fits your definition exactly. He made a small fortune on those quiet stocks. Perhaps I do too much short-term trading. In 1 to 3 week trades, low volume is death. Currently fighting off the urge to treat LGND as a trade. To satisfy that need, I've been using Internet stocks and Y2K stocks.

Today was another good day for LGND. Pushed over 16 to 16 1/2 on good volume. My trader-self whispers 'sell - the upper trading band has been hit'. My new investor-self says 'you're in it for the long term' big ride to 100+. Some time later we will know which me was correct. For now, I'm following the investor-me's advice.

Good luck,
Herbert
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