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Biotech / Medical : Ligand (LGND) Breakout!
LGND 199.53+1.5%Jan 21 3:59 PM EST
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To: bob smith who wrote (10209)10/27/1997 1:11:00 PM
From: Henry Niman  Read Replies (1) of 32384
 
<<They have been here all day ,busy unloading big blocks of up to 35K+ shares. Last
one of 25K a few minutes ago.>>
bob, When trades come less than a minute after the bid is raised, I don't think that you can safely assume the trade was a sell. I believe that was the case for the 35k and 25k you mentioned. Although they went off at the bid price, less than a minute before the execution, the bid price was lower than the trade.
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