Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 200.87

-1.4%

Jan 23 3:59 PM EST

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To: bob smith who wrote (10109)	10/24/1997 9:48:00 PM
From: Henry Niman	Read Replies (1) of 32384

Bob, Retail selling frequently precedes big moves up. I still put recent retail selling in the BUY signal category. Today the MMs were droppping the price on very light volume. A few thousand shares could drop the price 1/16 or 1/4. It looked pretty artificial. Big boys had to pay a premium to buy. I expect the big boys to step things up next week and one or two initiations of coverage at these artificially low levels would not surprise me.

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