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Biotech / Medical : Ligand (LGND) Breakout!
LGND 201.28-2.1%Nov 13 3:59 PM EST

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To: Andrew H who wrote (15180)2/17/1998 3:47:00 PM
From: Henry Niman  Read Replies (2) of 32384
 
Andy, You don't have to worry about the two LGNDW blocks at 8 1/4 because we have been told to "follow the tape" After the 25K at 8 1/4 all subsequent trades were at higher prices until the 10K went off at 8 1/4. After that, the bid was raised to 8 3/8. Therefore the big blocks must have been BUYS :-).
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