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: ewolf who wrote (13906)	1/29/1998 3:54:00 PM
From: tonyt	Read Replies (1) \| Respond to of 32384

> Do you ever feel that TA is closer to guessing than analysis? No. Peter's TA called this "Ligand (LGND) Breakdown!"

To: ewolf who wrote (13906)	1/29/1998 4:00:00 PM
From: Proton	Read Replies (1) \| Respond to of 32384

Re: Now, Where Did I Put That Coin? [Off Topic] Do you ever feel that TA is closer to guessing than analysis? Oh, h--- yes! :-) What TA can provide a trader are entry and exit disciplines. They can also signal trouble in an issue. TA, like movie screenplays, is at its best when a pattern or formula can be explained in a single sentence. The high concept behind the double top I've been harping about is, "It's bad news when buyers refuse to pay more than 12 7/8 for LGND on two separate occasions." Are they useful for buy-and-hold people? Frankly, I agree with J.J. Cramer and W. Buffet: buy-and-hold is for stocks in companies with earnings. If you have a well-managed company with a good product, sound cost control, and the means to expand its profitability (brand name, market control), you don't need a chart to tell you to buy. The biotechs, even those that appear well managed, generally don't qualify. Pý