Allergan Ligand (ALRI) Message Board

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Biotech / Medical : Allergan Ligand (ALRI)

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To: squetch who wrote (12)	8/29/1997 8:31:00 AM
From: Henry Niman	of 46

Stan, Volume slowed down yesterday to just over 80,000 shares and the closing bid and ask was 19 5/8 X 20. However, because ALRI is so thinly traded, yesterday's action was still a 2005% increase and again captured the #1 slot on IBD's NASDAQ Greatest % Increase in Volume Table (although the 5/8 decline put ALRI in the lower table). I think that the volume will continue to decline because of ALRI's limited upside potential (LGND can call the stock at $21.97) and Lehman's most recent report (Aug 27) reiterates its BUY rec on LGND and suggests that the call could happen next month! Details are on the Ligand (LGND) Breakout! thread.

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