Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 200.79

-0.2%

Nov 14 9:30 AM EST

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To: Henry Niman who wrote (23283)	7/16/1998 10:01:00 PM
From: Flagrante Delictu	Read Replies (1) of 32384

Henry, If AGN averages the sale of 15,000 shares per day, they can expect to sell approximately 900,000 shares per quarter. This squares with their expectation that it will take a few quarters to sell their balance. On the other hand, 5 mutual funds buying 600,000 shares each, could take them out overnight. We'll just have to wait & see. Anyone who has been watching the action of bios recently has observed some substantial eruptions off their recent bottoms by a not insubstantial number of them. A piddling out of 15,000 shares a day need not doom us to a subterranean existence for long.

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