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Biotech / Medical : Ligand (LGND) Breakout!
LGND 202.51-1.7%3:24 PM EST
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To: Henry Niman who wrote (23915)8/4/1998 7:16:00 PM
From: Hippieslayer  Read Replies (3) of 32384
 
Henry,

I think this is just a preview of what I believe to be a much bigger correction that will happen in the next few months.

I personally don't like the weak hands theory. People and fund managers sell for different reasons. In fact, it's probably more appropriate for fund managers to sell than the small guy. The small guy, if he's done his homework, knows that lgnd is a "LONG" term hold. Fund managers are in and out of stocks as quickly as Monica was in an out of the WH.

When do you suspect ligand to start to make its move?
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