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Biotech / Medical : Ligand (LGND) Breakout!
LGND 197.88-1.2%3:59 PM EST

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To: Andrew H who wrote (3785)6/26/1997 2:06:00 PM
From: Henry Niman   of 32384
 
Andy, When volume slows, MMs frequently jerk around the price to stimulate volume. Other times it looks like a concerted effect to temporarily affect price. I know of no news this morning, but a flurry of sells came in at the open and after weak hands were cleared out, price started to come back.

Henry
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