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

To: Andrew H who wrote (13444)	1/19/1998 1:48:00 PM
From: Proton	Read Replies (1) \| Respond to of 32384

Re: LGND Tactics Peter, yours is an interesting perspective on LGND and the above statement may have some value. Would be interested in hearing you expand on your "better idea." Oh, dear, now I have to think some up! :-) Actually, I've been toying with three: 1. Fitting price-adjusted volatility or standard deviation bands around the "fair value" curve. IOW, using some derivation of Bollinger Bands to determine overbought/oversold levels around the fair value frontier ("f.v.f."). 2. I use Welles Wilder's work quite a bit in my technical analysis. Two ideas from his corpus are using ADX (a trend indicator) to track the strength of a move through the f.v.f. and using a parabolic-stop curve (which takes a loose stop and tightens it over time) to capture a move above the f.v.f. as long as it moves strongly. Generally, the idea is to use one's own technical indicators filtered by whether LGND is above or below the f.v.f. 3. Perform option analysis on LGNDW. I have only begun to pursue my ideas in this area, which is why I messaged Dr. Jerry the other day about his indicator for the relative movement of LGND and LGNDW at intermediate bottoms. Implied volatility levels or determining whether LGNDW is cheap or dear compared to theoretical value are two directions in which I may take this work. That's where the ideas are, right now. For my money, using ADX and parabolic to capture a stong move into "expensive" territory has the most promise. Hope this helps. If so, could you send me some ideas to make a trip to Hawaii special? My wife and I are planning to go next winter. My e-mail is in my SI profile. Thanks! Pý