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

To: WTDEC who wrote (19214)	4/17/1998 9:25:00 PM
From: Machaon	Read Replies (2) \| Respond to of 32384

<< "but LGND frequently seems to trade lower just before expiration dates.">> <<But not on this expiration date (:-} >> I wonder if today's $.75 "up" action was "options" related? Any other trading day, if I saw a stock jump up, at the end of the day, on nice volume, I'd think that it was a positive sign of a possible breakout. Buts......... On options expiration day, the $.75 could be a false rally. I guess we will find out, on Monday, if LGND can hold above the $15 level, or go higher. Whatcha thunk? Regards, Bob

To: WTDEC who wrote (19214)	4/18/1998 8:35:00 AM
From: tonyt	Respond to of 32384

>"but LGND frequently seems to trade lower just before expiration dates." Good point. When LGND traded down, our in-house spinster was ready with an explaination: "Everyone seems to poo poo the effect of expirations, but LGND frequently seems to trade lower just before expiration dates.", of course, now that he is wrong, he is ready with another explaination "Finance in not my field" -- Maybe he should refrain from making market commentary.

To: WTDEC who wrote (19214)	4/18/1998 9:54:00 AM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

W, As you know, on many occasions I have indicated that I have no formal training in finance. By and large, I suspect that most posters have a similar lack of training, although few have provided any such information (training or lack of training). Of course some posts make it rather obvious that some posters either have no training, or have trouble putting such training into practice. Some have a very difficult time with historic data (I do have training in data analysis which can usually be applied to stock prices or clinical trials) and sometimes they even have difficulties with dates.