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Biotech / Medical : Ligand (LGND) Breakout!
LGND 185.83+0.6%3:59 PM EST
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To: celeryroot.com who wrote (4141)7/17/1997 10:47:00 AM
From: Henry Niman   of 32384
 
Cleryroot, Big boys (5,000 to 10,000 blocks) swapping shares in the 12 3/8 to 12 7/16 range. This price action is fairly typical of LGND. After exhausting swaps in the 12 7/8 to 13 range, the MMs dip price to attract more volume from larger blocks. Clearing out of weak hands frequently preceeds move up. Looks like LGND and AGN are wheeling and dealing to move retinoid programs aggressively forward.

Henry

P.S. Volume just broke 100K and MMs raised bid to 12 3/8 as they look for sellers.
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