Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 203.18

-1.4%

Nov 28 9:30 AM EST

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To: Wallace Rivers who wrote (25595)	9/21/1998 8:23:00 PM
From: Henry Niman	Read Replies (3) of 32384

Since you continue to miss my point, I'll try one more time. A month or two ago I commented on an after hours trade which was a large block that traded at 10 1/4. tonyt indicated that it was probably an "out of sequence trade" and I took exception to such an interpretation because the trade was at the high for the day and the only other trade at that price can right at the close. I also indicated that at the quote.com site that I had linked: quote.com out of sequence trades were labeled as "late" (and the after hours trade was not so labeled). Tonight, there were two after hours trades at $8. Since LGND's high for the day was 7 7/8, the trades at $8 couldn't be out of sequence, because if they were, LGND's high for the day would have been $8, not 7 7/8. Moreover, after the close there was an out of sequences trade (at 7 3/4), and it was labeled as "late". You had made a "hypothetical" comment a few months ago about the 10 1/4 trade and I had said that since the trades could be viewed by anyone with a JAVA enabled browser, there was no need to be hypothetical. You could just look at the data.

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