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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: Alper H.YUKSEL who wrote (12252)12/8/1997 3:13:00 PM
From: Henry Niman  Read Replies (1) of 32384
 
Alper, LGND's volume is just over 200K on about 100 trades. When retail is heavily involved, the average trade is less than 1K. When the big boys are active the average trade is about 2K. Big boys are clearly active. Some are swaps which clear out the weak hands. For the past two years, heavy volume with little price movement has been a precursor for a sharp move up. This year, the volume is moving up slowly as is LGND's price.
You can now see the two 20K trades at:
quote.com
One was at 14, the other at 14 1/16 and they were executed 1 second apart (when I reported the 20K trade, I could only see the "last" trade, which at that time was 20K at 14 1/16).
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