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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Henry Niman who wrote (10854)	11/7/1997 2:05:00 PM
From: shasta23	Respond to of 32384

HI Henry! A couple of days ago i said that the stock will not hold 15 and you wanted me too post more since the stock went from 15 1/8 to 15 1/2 (for half a day. OK, i'll post another opinion. I think that there is a good chance that the stock will drop below 14 and maybe find support around 13 3/4(this area has provided support on 10/27 and 10/28 and is in line with a fibonacci retracement). That's what my superficial TA mind tells me. Please post all these great abstracts and articles - i really appreciate that- but hold back on your ironical remarks when a post doesn't fit your view of the world that LGND will always "breakout" since occasionally other people might be right too and the stock has proven multiple times that it can also "break down". STefan P.S.LGND is almost my only holding left(80%cash) since i wasn't as clever as TD who called it right when he sold at 17. I wish i would have done the same and rebought at lower level since i believe in the good long term outlook of the company...