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: Roland Batson who wrote (27920)	2/6/1999 11:49:00 AM
From: Henry Niman	Read Replies (2) \| Respond to of 32384

I usually post abstracts to those who ask about LGND's science, but not everyone who asks can necessarily explain LGND's science as presented in an abstract from a scientific journal. Many who read this board do not post, so although a given post is directed to a specific poster, it is meant for all to read, and scientific abstracts will be read at MANY different levels by readers and posters to this board. Usually, the one who puts up a post can answer questions better than the one to whom the post is directed.

To: Roland Batson who wrote (27920)	2/6/1999 12:59:00 PM
From: bob zagorin	Respond to of 32384

roland, i'm happy to give you my TA perspective fwiw. LGND looks good to me from TA now. i'll break it down. i look at 5 indicators 1) price 2) volume 3) moving average 4) bollinger bands 5) BOP & Moneystream - TC2000 proprietary indicators measuring underlying supply and demand and money flow. price - from low about 6 last summer has increased steadily to about 13. not in one jump but a series of small moves with each being tested and the price establishing higher lows and higher highs. volume - better now. last summer the volume was quite low as the stock drifted down. moving average - i use a 20 day mostly and lgnd has been doing a good job (since summer) of coming off that avg. every time it has a correction. Bollinger Bands - basically an envelope surrounding the average which shows the range and volatility. lgnd has been moving up in the upper half of the band without dramatic moves above it. nice steady, reasonable volatility. BOP - improving and solidly in green the last couple weeks showing demand. moneystream and On Balance volume - both have been improving gradually showing some momentum and money flow. bottom line - very positive but we all know, with biotech, news can overwhelm TA any time.