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Biotech / Medical : Ligand (LGND) Breakout!
LGND 205.91+1.7%1:38 PM EST

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To: Machaon who wrote (18896)4/8/1998 8:46:00 PM
From: Don S.Boller  Read Replies (1) of 32384
 
Bob: I AM NOT REALLY A TECHNICIAN IN THE SAME SENSE
....as most of those who profess to be. I would point out that
there has only been one major down day on big volume in
this calendar year - if I saw correct. That was around the first
week in Jan. Since then - there have been several, strong up
days. So, my simplistic conclusion is that "big money" has
bought rather than sold. BTW - Mike Murphy (whom I take),
suggested LGND converts.....my EX-broker couldn't find
a quote. Transfer of my account finally went through today.
Will try again. As for the group- WDIK. Some are going to
be big winners, no doubt, but meanwhile test the patience of
a Saint. Others, are kids spending IPO bucks having fun in
the lab. Have to do a lot of DD to pick the wheat from the chaff.
IMHO
Best,
Don
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