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

To: Andrew H who wrote (16111)	2/28/1998 9:15:00 PM
From: WTDEC	Respond to of 32384

Andrew - "That may be true of individual companies, but less true I think of the group as a whole. For example, I would say a solid break above 325 on the IXB could be considered as the beginning of a biotech rally." That is a fair comment - - it definitely is less true for a portfolio of stocks, such as the IXB, than an individual stock. I think your example is reasonable, but there will still be a good degree of uncertainty associated with such a solid break (I have been sucked in by too many false breakouts to think otherwise). We'll only know for sure with hindsight. Regards, wtd