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

To: DrJerry who wrote (12856)	12/28/1997 12:30:00 AM
From: Scusami	Read Replies (1) \| Respond to of 32384

DrJ: My charts also look like LGND has hit bottom. My fast K stochastics indicator went above the slow K and %D traces on Friday's close. RSI, Wms %R, CCI, VA and MACD all look like they have turned upward. I believe LGND will go up to at least the 200 DMA, which now is at 13 1/4. My download of stock closing prices said LGND closed at 11 5/8 but the IBD said it closed at 12. Both had a volume of 52400 shares. Do you agree it closed at 12? Scusami

To: DrJerry who wrote (12856)	12/28/1997 1:15:00 AM
From: chirodoc	Respond to of 32384

<<<<<. I may be daffy but I don't see lgnd prices under 1 .......i agree--if you trust the chart. this is the support level that consistently brings in new buyers.we are bouncing along the bottom now. it takes some bravery and foolhardy risk taking, but i have a lot of faith in their deep pipeline. ...... i'll join you in buying some on monday. let's hope ligand doesn't establish a new lower low!!! .......good luck....happy new year all!!!! let's hope this is a better year for ligand!!!!!

To: DrJerry who wrote (12856)	12/29/1997 10:38:00 AM
From: Proton	Read Replies (1) \| Respond to of 32384

Re: LGND Technicals Dr. J's failsafe chart says that when LGND charts are at bottom (Dec. 24) and the stock declines on that day but the warrants have an up-day (resulting in significant increase in time premium) that it is time to jump back in. Interesting tell you've found there, Dr. J.! It provides further corroboration for the cyclical case I've made before. Look at the weekly chart and marvel at the consistent four-five month cycles in this stock. This is the timeframe for a cyclical bottom to establish. A stop between 11 and the 19 Dec low of 11.25 may provide good protection. If one is willing to risk 1-1.25 points, long LGND may be a worthy trade. If the cycle holds, expect a trading high between Valentines Day and the Ides of March. No guarantees! Happy New Year, everyone. Pý p.s. Looks like the tape is trying to invert 12 from short-term resistance to support.