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Biotech / Medical : Ligand (LGND) Breakout!
LGND 185.86-0.1%3:59 PM EST

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To: VFib911911 who wrote (7278)9/23/1997 1:04:00 PM
From: Henry Niman   of 32384
 
Steve, The price seems to have turned around. Volume still hasn't topped 100,000 and bid has been raised to 16 7/16 (ask is 16 1/2). Little guys can clean up on these dips, but MMs keep the bid and ask size low, because they know that the prices are somewhat unrealistic. Clock keeps on ticking, and MMs are running out of ways to convince retail that its time to take profits. The push this morning was fairly hard a dramatic, but the diabetes annpuncement keeps the drop from going too low and the size of the ask from going too high.
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