Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 202.42

+0.6%

11:45 AM EST

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To: RXGOLF who wrote (15195)	2/17/1998 4:51:00 PM
From: Henry Niman	Read Replies (1) of 32384

I believe that the "facts" on some of the posters are abundantly clear. However, the incorrect "predictions" made just two weeks ago are quickly forgotten (by some). The same approach has been used to indicate that LGND's price is heading south due to big boy selling. If the block trades at the bid, then it's clearly a sell. However, if it trades at the ask, and the price briefly dips afterwards, then that's another sell based on the "follow the tape" theory. It's amazing how LGND's price can go from "heading below" $10 two weeks ago to $16 last week, with all of the big boys selling that seems to show up everyday, according to some interpretations of the tape.

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