Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Proton who wrote (13774)	1/26/1998 12:46:00 PM
From: tonyt	Read Replies (1) \| Respond to of 32384

> Of course, this is just for entertainment purposes, so spare me > the Buffetology, all. ;-) Buffetology from me?? Surely you jest.

To: Proton who wrote (13774)	1/27/1998 1:39:00 PM
From: Proton	Respond to of 32384

Re: Short-term Technicals [Buffetologists may "Next"] One reason I like to follow LGND is that it puts in such pretty short-term technical patterns, the kind one expects to find in a textbook -- or an advertisement for a new way to get rich. Consider the sixty-minute chart from January 12. LGND put in a bottom at 11 3/4 and rose smartly to 12 7/8, where it put in a double top. It then dropped right back to 11 3/4. Now we confront a critical question: is LGND putting in a double bottom in this support zone? Well, I don't know, because the market hasn't told me. A penetration of 12 7/8 would make a strong case for an upside breakout, but that is 9.6% above the market. We must still respect any breakdown below 11 3/4, because that would both violate the double bottom and stretch the "cyclical uptrend" thesis to the breaking point. BWDIK? Pý

To: Proton who wrote (13774)	1/27/1998 8:36:00 PM
From: John O'Neill	Read Replies (1) \| Respond to of 32384

Peter, What percentage of LGND holdings would be appropriate for this buy with stop/sell strategy. Is this a sound approach if one aggrees with the premise that LGND will hit $24 as Lehman Bros predict. I'm mostly into LGND but have MLNM and MCDE..do you have a tech trading idea for them? I have more long term confidence in LGND than these others & would be more apt to trade the others. I want $18/shr for any LGND I might sell. Any suggestions appreciated. MCDE and MLNM offer, I believe, a good complement to LGND for diversification . John O