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Biotech / Medical : Ligand (LGND) Breakout!
LGND 199.20+0.1%Nov 21 9:30 AM EST

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To: Flagrante Delictu who wrote (4579)8/6/1997 5:43:00 PM
From: Arthur Radley   of 32384
 
Well! Someone tried to "rain on our parade" today. At least our options parade. Someone sold 20 of the Nov 12 1/2 at the bid price of 1 3/4. The sell took place this afternoon while the common was unchanged from yesterday's price. The good news for the day was that even though the volume was lighter today, the volume increased noticeably at the close and was on an uptick. The Nov 12 1/2 was unchanged from the bid 1 /3/4 ask 2. May tomorrow be a better day.
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