Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 185.97

-0.4%

Feb 10 3:59 PM EST

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To: Arthur Radley who wrote (7318)	9/23/1997 8:45:00 PM
From: Earl Sacerdoti	of 32384

"Considering that ... nearly 50% are held by institutions and insiders, the volume over the past few weeks probably represents well over 50% of the freely traded shares." Dude, If so, by now it's probably less than 50%. With the huge volume and the price stuck to 17, I see no explanation other than that at least one of the institutions/insiders has sold or is selling their holdings at 17. Does anyone have another explanation? Does anyone care to speculate on which large holder would want to sell given the imminence of a large diabetes alliance? Thanks to Betty Anne for sparking this discussion. Your comments seem to be pretty consistently unpopular, but they're not personal attacks and I personally welcome them. --Earl

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