Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 208.29

-0.3%

3:59 PM EST

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To: Henry Niman who wrote (18791)	4/7/1998 1:26:00 PM
From: shasta23	Read Replies (2) of 32384

Hi HENRY! I know we look at the same chart at quote.com and unfortunately the one minute chart for the time is now not available any more(or is there a way to scroll back in time, that would be helpful). We had this discussion already in the past(including tonyt posting of all the trades as a list)and i know that it was always hard to agree on things. But you can slice it any way you want - and i know that you will do that!! ;-))) -but to talk something nicely where there is a clear technical weakness of a stock is not my cup of tea. The stock sinks and "weak hands" are getting shaken out, the stock rises and wall street finally understands the real value of LGND. The stock goes to 18 and we're dreaming of 25, the stock goes to 11 and i forgot why was that? Was that also weak hands or was that the disappointment about the leptin deal... For me this stock is still in a trading range and nothing has TECHNICALLY changed since the beginning of 1996(more or less, don't have chart open). I agree that FUNDAMENTALLY the company made good progress but i think that this doesn't show yet in the technical picture. When we break above 18 it will be a great run because that means something in the perception of this company has changed something back-up by dollars. Otherwise we just go up and down in a trading range. And to me the stock is weak right now and all your saying about "ready to pop" etc is just talk. Why should it pop? NEWS? Well like i said before the stock is hardly able to close above the open in 20% of the days in the last month and only could go higher because they were pumping out some news that pushed the open higher...but the close was almost all the time lower which for me is a clear sign of weakness. Stefan P.S.Again this pullback is on relatively low volume which is good for the long term.

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