Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mudcat who wrote (22578)	6/20/1998 7:28:00 PM
From: Hippieslayer	Read Replies (1) \| Respond to of 32384

Oh yeah! Well you just wait till the big boys get busy with lgnd and we'll see that daily volume swell up to 150,000 shares! :-) Now if you'll excuse me, I'm going to go take some more vicodin

To: Mudcat who wrote (22578)	6/21/1998 2:35:00 PM
From: Cacaito	Read Replies (1) \| Respond to of 32384

BOP is better for small stocks than big ones, long term rather than short term trends. The purpose of BOP is to find underlying accumulation/distribution, better if a "divergence" occurs. The big cap companies usually follow the rules and news tend to be known better in the market (efficiency theory) plus regulators follow better the big caps. The development stocks and small caps are easier to be manipulated. Indicators (a weird art of statistics plus market psychology )should give some advantage to the user. BOP as per the Worden Brothers is able to help discover this underlying trends (accumulation/distribution) and it is good on that, where is the price going to go is a different matter. BOP is not exactly for short term use (as recommended by the WB). It is better for long term trends. The WB recommendations on specific stocks are usually for months to a year ahead of the desired outcomes. BOP for Ligand has been a confirmation type of indicator, the BOP has being following the price. Right now BOP change from accumulation to distribution for the first time since February, time will tell if this is the new trend. TMS is going down with the price just repeating what the market is saying, it does not like the Seragen deal results (FDA clock stop...). All this if one is only looking at the daily window, if one change to weekly or monthly then the indicator is showing persistent accumulation even now. Different time frames helps again more in the long term aspect. (which is good for Ligand).