Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 202.90

-1.7%

12:59 PM EST

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To: shasta23 who wrote (17507)	3/16/1998 7:44:00 PM
From: Henry Niman	Read Replies (1) of 32384

Stefan, I don't think that the intraday chart upholds your analysis: fast.quote.com Look at the trades between 10:00 AM and 12 noon. Although the price fell early (on very little volume), the vast majority of the trades were going off at the full ask price (15 3/4). Although others have discounted triple (double?) witching on Friday, LGND has had a tendency to drop just before the expiration of options. As I have said in the past, I consider options another form of legalized gambling.

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