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Biotech / Medical : Ligand (LGND) Breakout!
LGND 206.36+1.4%Nov 26 3:59 PM EST

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To: Henry Niman who wrote (12027)12/4/1997 1:53:00 AM
From: shasta23  Read Replies (3) of 32384
 
Hi Henry!

This is no critic!! I want to learn something. I went to the quote.com site and looked at the afterhour quotes:
16:01 3500 sh 13 5/8
16:14 10000sh 13 1/2
16:22 5200sh 13 3/8

OK, i see that the price is going down after hours. So how can i decide if the big boys are buying or selling? As far as i remember the spread in the end was 13 5/8 to 13 3/8. I therefore assume that the first block is a buy at the ask, then maybe something in the middle?
We don't know if ask or bid have changed or if the trade just went through somewhere in between? or is there a way to interpret that?
The last was at 13 3/8. That was the bid before and if nothing has changed then this could be a sell at the bid...
I'm not very good at this and try to learn to read this stuff. Any comments?

Stefan
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