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Biotech / Medical : Ligand - LGND - thread for non-PhDs
LGND 195.83-0.7%Dec 26 9:30 AM EST

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To: John Grandy who wrote (35)1/23/1997 11:47:00 PM
From: Henry Niman   of 57
 
John, Big boys are still interested in BUYING LGND. Virtually every
large block trade (of 10,000 or more) has been a BUY since the H&Q
presentation on Jan7. Today was no exception except the 15,000 share
BUY mid-day was the first one above 15 (15 1/8) and near the bell
there were 5,000 and 10,000 share BUYS at the full ask price (15).
The big boys have been BUYING on weakness for over two weeks now and
yesterday's late afternoon sell-off didn't have much of an impact (except
one retail sale of 14 5/8 set the low for the day).

Henry
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