Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 202.02

+0.4%

3:28 PM EST

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To: Mudcat who wrote (22578)	6/21/1998 2:35:00 PM
From: Cacaito	Read Replies (1) of 32384

BOP is better for small stocks than big ones, long term rather than short term trends. The purpose of BOP is to find underlying accumulation/distribution, better if a "divergence" occurs. The big cap companies usually follow the rules and news tend to be known better in the market (efficiency theory) plus regulators follow better the big caps. The development stocks and small caps are easier to be manipulated. Indicators (a weird art of statistics plus market psychology )should give some advantage to the user. BOP as per the Worden Brothers is able to help discover this underlying trends (accumulation/distribution) and it is good on that, where is the price going to go is a different matter. BOP is not exactly for short term use (as recommended by the WB). It is better for long term trends. The WB recommendations on specific stocks are usually for months to a year ahead of the desired outcomes. BOP for Ligand has been a confirmation type of indicator, the BOP has being following the price. Right now BOP change from accumulation to distribution for the first time since February, time will tell if this is the new trend. TMS is going down with the price just repeating what the market is saying, it does not like the Seragen deal results (FDA clock stop...). All this if one is only looking at the daily window, if one change to weekly or monthly then the indicator is showing persistent accumulation even now. Different time frames helps again more in the long term aspect. (which is good for Ligand).

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