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Biotech / Medical : Ligand (LGND) Breakout!
LGND 196.57+4.0%Jan 14 3:59 PM EST

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To: Henry Niman who wrote (17867)3/25/1998 7:38:00 PM
From: Proton  Read Replies (1) of 32384
 
Re: TA Agonisties

Looks like MMs want to get some TAs to bail. Still ready for ignition.

This "TA" studiously avoided ratcheting his stop up to 15 1/4, because of the anemic action at 16 and above (if that sounds wrong, please review the difference between day, short-term, and medium-term trading). Could it be this has nothing to do with the M&M's at all?

BTW, what happened to the pre-opening rocket launch? I cannot take pre-opening bid/ask seriously. It's the only time when the "MM manipulation" thesis consistently holds. Pre-opening, these guys are electronically jockeying for position and looking for the, er, excessively enthusiastic.

Anyone who bought at the open today is down over 3%. :-O

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