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

To: Machaon who wrote (18906)	4/9/1998 8:08:00 PM
From: Don S.Boller	Read Replies (1) \| Respond to of 32384

Bob: No way of knowing when the accumulation phase will end.... But a few clues: price fluctuations narrow, volume dries up, stock looks dead in the water (this really indicates that all the sellers have gone - rather than great accum.) Then modest vol. comes in and the stock takes off (the "sellers" are gone). No, not talking about warrants, but converts that came via glycomed. BTW, the "big money" has very devious ways of picking up stock, that most of these folks don't understand...diff. between pros and amateurs. BWDIK Best, Don