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: tonyt who wrote (15831)	2/25/1998 10:39:00 AM
From: HB	Respond to of 32384

tonyt, the problem might just be lots of people that bought around 15 (LGND spent a long time there), watched it go below 10, and now are just sick of the stock and want to get out every time they are in the black a bit? I've been there, done that on Sierra Semi and DSP Group: buy at a reasonable valuation for a 2-3 year story, watch it get cut in half, sell for 10% when it comes back and bounces off my buy price for months. Some new dude joins the thread, hyping a breakout, during those months. Yeah sure. Then I sell, and a month later it happens. DSPG and PMCS (PMC-Sierra, formerly Sierra Semi) have been over well over 20 for a long time now, for exactly the reasons I made the initial buy. Funny, my sell prices on both were... a bit over 15! Anyway, I think this is the psychology behind some of the technicals being discussed by e.g. Herbert Otto. Substantial news and still a problem staying over 15 suggests that LGND at 15 now is a better value than it was at 15 a year ago. I'm not counting on a breakout soon, though. What's your short-term take: 50/50 on breaking 15 and making it stick (which is about what I see, based on nothing in particular -g-) or worse? Howard Howard