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Biotech / Medical : Ligand (LGND) Breakout!
LGND 185.86-0.1%Feb 11 3:59 PM EST
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To: shasta23 who wrote (7667)9/25/1997 6:41:00 PM
From: Henry Niman   of 32384
 
Stefan, The big boys bought at 16 and 16 1/16. They stayed on the sidelines and watched retail take it up and down (although volume was much higher going up). Big boys want to buy, but they want retail to sell at these lower levels. Right now, MMs are just clearing out the weak hands. Average trade today was slightly above 1000.
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