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

To: John O'Neill who wrote (17841)	3/25/1998 12:25:00 AM
From: bob zagorin	Respond to of 32384

john, i can't predict what lgnd will do. here's what i can say. the underlying strong trend of accumulation that has supported lgnd during its rise has slackened the last two weeks. from early feb. thru mid-march, it was very strong. conversely, it was also strong until late last fall and predicted the sell-off quite clearly when it went south to yellow and then red from nov-jan. but, the bop is still green showing accumulation (btw, i don't know their exact formula - i've emailed their long explanation to several people). i think people are just idling..if there's a questionable story they might lighten up a little and the stock could go back to fill that gap around 14. if there's an NDA that sounds good, it could head north. what else is new?