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

To: Lyn Benson who wrote (21849)	6/4/1998 11:33:00 AM
From: bob zagorin	Respond to of 32384

pipeline.com i wrote you a longer reply but it got eaten by the SI gremlins. guy's name is ben anatainitis and he wrote the program available at URL above.

To: Lyn Benson who wrote (21849)	6/4/1998 2:36:00 PM
From: Webhead	Respond to of 32384

Lyn, FWIW, LGND's P&F chart hasn't changed. We're in a down column (o's) at $13. If a trade goes off at $12.5 we drop down another box and it would take a move to $14.5 for a 3 box reversal. At $12 LGND would break the bullish support line established during the Jan/Feb runup and suggest a further drop to supports of $11 and then (gulp) $9.5. But then again, who knows! I'm not sure of the utility of P&F in somewhat thinly traded biotechs with huge volitilities. Lgnd can make large moves on very small volumes so the signal to noise is low. At least for the moment, there are more sellers than buyers... All IMHO Ed