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


To: Proton who wrote (14661)2/11/1998 10:28:00 PM
From: Andrew H  Read Replies (3) | Respond to of 32384
 
While I think we will see a price pop tomorrow, I don't expect anything too large. After all, its only rats here and there are a lot of shares outstanding. Still the news is extremely encouraging for LGND shareholders as well as those suffering from breast cancer.

Sometimes fundamentals overshadow resistance, though.

It is interesting that about once a year LGND comes out with some amazing breakthru--first there was leptin, then diabetes and now breast cancer. These guys are definitely doing something right and that's why long term shareholders will be richly rewarded despite the oinking from the barnyard.



To: Proton who wrote (14661)2/12/1998 12:13:00 PM
From: Proton  Read Replies (1) | Respond to of 32384
 
Re: Support and Resistance

I know none of you Buffetologists would actually trade LGND on such a wonderfully volatile day (especially when Kernan misstates the breast cancer results), but here's a review, anyway...

Message 3407197

Here are some resistance levels for LGND (remember, old support becomes new resistance):

14 - 14 3/16: Hard resistance from the beginning of December

15 1/4 - 15 1/2 - 15 5/8 - 16: Crucial range of resistance from throughout the past year (January, August, Halloween & All Saints, September). LGND behavior in the 15 1/4 - 16 range may tell the story for this run...


Today's high, 16; today's low, 14 1/8.

Self promotional? D--- straight!

Pý (+snort+ *squee* *squee* *squee*)