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: Henry Niman who wrote (20300)	5/9/1998 11:14:00 AM
From: squetch	Read Replies (2) of 32384

I could be wrong, but I think the chances that LGND is about to make a two to three month move to the all-time high is very good. I am basing this on my read of the weekly chart. I wouldn't be surprised, and expect, the 16.25 area taken out w/ a big weekly bar. It might meander a bit between, say 15-14, before moving tho. I don't think longs would lose lots of money tho, just time. I guess another hedge would be a bad break of 13 5/8-3/4 area. Forgetaboutit then. Also when it got over 16 1/4, I wouldn't like to see it seriously break below that area. General market could always be a problem too. I am guessing higher tho.

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