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

To: bob smith who wrote (17499)	3/16/1998 4:45:00 PM
From: shasta23	Respond to of 32384

Six out of the last seven days the stock could not close higher than the open. We still went up but(through gap openings) the closing price showed that the stock was getting tired.Now Herbert Otto will probably get his pullback to the area around 14?!?! which is an area of support and the lower Bollinger Band. if it shows strength it might stop at the 21 EMA(around 15) like it did the end of sept 97 on the last run-up which looks almost identical. It's time for the traders to take profits since the stockparameters are obverbought and rest is needed.I don't have BOP but the moneyflow is down since 03/11 and the accumulation/distribution already longer. Long term holder just need to relax and realize that the long term outlook is bright. Stefan