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

To: RWReeves who wrote (29644)	12/15/1999 7:57:00 AM
From: Henry Niman	Read Replies (3) \| Respond to of 32384

No. I said that LGND's price would pop yesterday, which it did. I did not say how long the pop would last, and it did last less than I expected. However, although trading was light when CNBC reported that LGND was trading at 14 on Instinet yesterday morning, most readers of this board would consider a move from 11 11/16 to 14 as a "pop". Since CNBC said VOLUME was light, I would assume that the VOLUME represented trades. Although trading before or after the open are not reflected in a stock's high or low, the volume after the close is recorded into the closing volume, and these are REAL trades. Although some quotes may not be associated with actual trades, I believe that the light volume at $14 yesterday morning were real trades. On Island it was very easy to see sell orders disappear as the pre-open price moved lower and overlapped the sell price.