Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 199.07

-3.4%

Nov 20 3:59 PM EST

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To: tonyt who wrote (18943)	4/12/1998 10:20:00 AM
From: John O'Neill	Read Replies (2) of 32384

I don't see any "news" on the horizon....but I me not knowing news doesn't mean much. I just didn't want to wait for a buy at $14, while having no LGND, & watch it go to $25 and then hear the news. You guys probably already had LGND positions..I was completely out (with a profit) and wanted to establish a position. For some reason, the chart looks good to me. LGND has, in the past, generally spiked up rapidly then declined fairly rapidly. This time it does appear to be forming some kind of weird flying platform, like a frisbe bouncing on & off the pavement. It looks like it wants confirmation of something. It could sell on news, but the pipeline goes on an it may not sell off on news. It could start forming a stairway up pattern. In any case the risk/reward pattern suggest entry for me at this time. JO

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