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Biotech / Medical : Ligand (LGND) Breakout!
LGND 190.25-2.7%Jan 28 3:59 PM EST
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To: targetedmoab who wrote (8215)10/1/1997 10:42:00 PM
From: Henry Niman   of 32384
 
Steve, Look at a daily volume chart for the past year (or more). It's pretty easy to see the big volume jump. You can pick out the big boys on Lombard. They have been buying while retail was selling. If you don't look at an intraday chart, you can just compare volume to number of trades. If the average trade is 1000 shares or less, big boys are generally on the sidelines. If its 2000 - 3000, big boys are active, and for the past couple of months, that means they were buying.
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