Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 202.50

-2.7%

Nov 7 3:59 PM EST

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To: tonyt who wrote (23717)	7/30/1998 5:32:00 PM
From: jayhawk969	Read Replies (3) of 32384

Tonyt, It has been doing that the last two days. I see it as a natural response to a market maker fulfilling a clients high priority request to fulfill a sizeable order that cannot be filled at current ask prices. After fulfilling the order there was lower opening the next AM. I half expected a weaker opening in a continuation of the two day pattern. A similar event happened to me this afternoon. I had a sizeable order in for SRGN I increased the bid by one cent to meet the ask at .46 I got a partial fill and the bid ask jumped by 4 cents. I dropped my bid and the low market maker bid ask returned to the previous level after 15 minutes and I was able to fill my lot at .46. Now I've answered your question non-rhetorically, your turn to answer mine. J.D.

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