Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 190.12

-2.5%

Dec 30 3:59 PM EST

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To: growthvalue who wrote (24410)	8/12/1998 12:09:00 PM
From: Henry Niman	Read Replies (1) of 32384

I think that you misinterpreted my posts. I think that the low volume retail trading is mostly noise and the big block trades at this time will determine the price. News of course can make a different, as can significant retail buying or selling, but right now the volume increases are heavily dependent on the big block action. Some of the factors that you mentioned may be required to take LGND to new highs. However, LGND can move rather significantly from these low levels on changes in investor's views of the Biotech sector as a whole, which as you know, is very depressed.

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