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Biotech / Medical : Ligand (LGND) Breakout!
LGND 189.77+0.4%3:59 PM EST
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To: Flagrante Delictu who wrote (17828)3/24/1998 5:38:00 PM
From: celeryroot.com  Read Replies (1) of 32384
 
The FDA normally takes 6 - 12 months on NDA. Another theory, is historically bio's run up thru June(starting mid may) and tank July and Aug. Although I must admit someone would be stupid to do. Here is the rest of the puzzle:

Mid day
1 transaction of 84 contracts at 1 1/4 Aug 15 puts , the high for the day was 1 1/4

late in day
1 transaction 84 at 11/16 May 15 puts , down 13/16

Late in day
1 transaction 160 at 5/8 Aug puts 12.5 at 5/8, down 5/8

unfortunatly , I missed yesterday so don't know if 160 was there
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