Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 198.76

+1.1%

2:21 PM EST

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To: Wallace Rivers who wrote (24212)	8/8/1998 9:56:00 PM
From: Henry Niman	Read Replies (1) of 32384

Actually, I thought that a real discussion of Friday's action would be of interest. It was just the kind of action I was looking for after AGN announced plans to continue selling LGND for several more quarters. As I said earlier, such an announcement may not be as bad as it seems. When buyers know that there are big blocks to be had (especially if they are selling at these low prices), they may step up to the plate big time. That's certainly what Friday's action looked like to me. It was easy to see on Friday because of the size of the blocks (41K to 60K), but I think that the nibbling began last week, as I had noted last week: Message 5352426

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