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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?


To: bob zagorin who wrote (29059)7/15/1999 2:53:00 AM
From: Torben Noerup Nielsen  Read Replies (1) | Respond to of 32384
 
> there are probably a lot of frustration sellers just overhead.

That's probably true. But there're apparently also a lot of people willing to buy as soon as it dips a little bit. The warrants are interesting to watch. On most days, there is almost zero volume. But as soon as the price dips a little bit, the volume goes *up* and the price returns to where it was. My guess is that there are some buyers trying to accumulate fairly substantial positions at a set price.

But I'm just guessing. I make no claim to knowing what is going on here. The chart just looks interesting.

Cheers, Torben