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Biotech / Medical : Ligand (LGND) Breakout!
LGND 206.75+0.1%3:59 PM EST

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To: HerbertOtto who wrote (20769)5/14/1998 2:42:00 PM
From: Machaon  Read Replies (1) of 32384
 
<< The MMs were accumulating stock to fill these blocks. >>

What does this mean? Do the MM's buy stock, from individuals, etc., and hold, in order to fill large blocks?

This implies, at the same time, they are holding down the price until they accumulate what they need.

Any comments on this would be appreciated. I do not know how it works.

Thanks, Bob
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