Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 196.57

+4.0%

3:59 PM EST

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To: shasta23 who wrote (17868)	3/25/1998 6:13:00 PM
From: Schmedley	Read Replies (1) of 32384

[The only thing that i find positive is that the pullback is on low volume] That being said, I would have to believe any news -expected, suspected or otherwise will have a significant impact on price. Perhaps it is the "Pro's" that are attempting to spook the market lower by selling shares to each other on low volume. Market tops as well as bottoms are usually accompanied by high volume. We can only wait and see how many fools will jump ship and bail -now that the trendline has been violated.Let's hope that quite a few do, as the MM's will now drop price until they accumulate enough shares for the next rally. I will be watching for that high volume reversal. Schmedley

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