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: J Stone who wrote (17799)	3/23/1998 11:43:00 PM
From: RXGOLF	Read Replies (1) \| Respond to of 32384

<<then the question is will news of an NDA filing just take us back to 16 or could it propel us beyond?>> J, IMHO....beyond. I won't say we will never see these levels again, but for now, beyond(:-}. Good Luck, RXGOLF

To: J Stone who wrote (17799)	3/24/1998 2:08:00 AM
From: Proton	Respond to of 32384

Re: TA Questions Does the drop in price on lighter trading weigh in to your support levels? I would not reject a support level because the volume did not confirm the scenario. I would be more cautious without a volume confirmation (adjust stops accordingly, lower exposure, etc.). Both dips to 15 1/4 on the double-bottom were on diminished volume (last Tuesday's volume was even more anemic than yesterday's). That lends credence to the case that this is a minor correction in a large rally. If this is the case, then the question is will news of an NDA filing just take us back to 16 or could it propel us beyond? I'd be concerned if an NDA filing does not take us above last week's intermediate high at 16 5/8. If it failed to get LGND above 16, I would consider exiting short-term positions. I'm a bit tired and hurried tonight, so I hope this response is not too opaque. Pý