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

To: celeryroot.com who wrote (20782)	5/14/1998 3:31:00 PM
From: HerbertOtto	Respond to of 32384

Patterns - review of 4th Qtr report market. Feb 5, 1998 was the 5th day after the correction low was put in at 10 7/8 on 1-29-98. On Feb. 5, there was slight selling pressure, testing the low at 11 1/8. Then closed at 11 1/4, down 1/16 on the day. After the close, LGND reported results. The loss was narrower than expected, The next day, 2-6-98, LGND gapped up to 11 1/2, traded 965K shares, and closed at 12 7/8, up 1 5/8 on the day. Over the next few days amid some positive test results on Panretin and Targretin, LGND rallied to a high of 16 on 2-12-98, close at 14 1/2. Yesterday, 5-13-98, was the 5th day after the correction low of 13 11/16 on 5-6-98. Yesterday there was some light selling, retesting the low of 13 11/16. LGND closed at 13 15/16, down 3/16 on day. Earnings are due out after the close today. Will the pattern continue to repeat, with an ok earnings report, and an explosive rally tomorrow? Good luck longs, Herbert