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: Henry Niman who wrote (17508)	3/17/1998 1:24:00 PM
From: shasta23	Respond to of 32384

HI Henry! I don't really care what the intraday chart tells you( i remember well the uncertainty about the interpretation of these charts a while ago) but when i go by my end-of-day data the stock is overbought and is already in sideways/down mode for a week. You can talk it up as much as you want but the stock needs a rest. there is no straight way to the sky which a quick glance on the chart will tell. That's normal and talking away a necessary pullback and the signs that it might be coming or going seems strange. I'm a holder of the stock for the long term and i have no doubt that this will be a good stock but people are trading this stock and as a trader i would say it's time for a fresher horse to ride. Of course all bets are off when they come out with some big newsrelease but even then there will be a tendency for profit taking after a runup from 11-16(roughly). Stefan