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

To: Cacaito who wrote (10908)	11/10/1997 9:42:00 AM
From: Cacaito	Read Replies (2) \| Respond to of 32384

Texas d, I just place an order for LGND, not that I sold my Xoma position. I placed a market order, and two limit orders to average down if today's market go down the tubes. I am very impressed with the tc 2000 BOP (balance of power)which is showing persistent and pronounced accumulation despite the price drop from $18. Also, CMS (cumulative money stream)is showing a positive divergence (not a common sign, but usually very accurate )this is that CMS is short term up,despite the price being short term down. For the long both price and CMS are up (also a good indicator). OBV is usually behind price but it is persistently over the midline, and so is TSV, and RSI. These indicators moving averages(smooth line) are above midline since April 97, showing accumulation and price strength. Finally, Stochastics showed oversold condition. It could get more undersold, but then it would be on sale, if this happen I am ready to triple my position (I will do it anyway on the way up). cacaito