Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mudcat who wrote (29892)	1/6/2000 12:08:00 AM
From: Torben Noerup Nielsen	Respond to of 32384

Mudcat, I'm still holding on. I'm hopeful given the price action during the last few days. At least the warrants can't go down much further without the stock going too. If it were to be otherwise, someone would simply buy them up, convert and sell for an immediate profit. Besides, I have too many to easily dump in a single day :-( Thanks, Torben

To: Mudcat who wrote (29892)	1/6/2000 12:36:00 AM
From: Torben Noerup Nielsen	Read Replies (1) \| Respond to of 32384

Mudcat, I just looked at the chart again. The warrant situation is a bit difficult as they only liquify when the stock is moving up nicely. But the underlying has been really interesting to watch. It has withstood a hefty market drop without dropping significantly. I think it's too early to read a lot into that alone. However, it is interesting to note that all day, the underlying has been allowed to move in little waves. First it is allowed to go down a bit with very small bid/ask sizes. Then trades occur for a bit and it moves back up again. And the whole thing has been constrained to a 5/16ths range all day. If you smoothe it a bit, it looks like a whole bunch of little waves coming in. For this to occur in a down market, there must be accumulation by someone. I just can't find any other rational explanation for it. I'm also guessing that at least some of it is broker/dealer accumulation. I just can't believe it's all a bunch of individuals coordinating this well and there's only one large volume period that could indicate someone serious buying a big chunk from a broker/dealer. Anyone else think this pattern is interesting? Goodnight (I have to see this tomorrow morning and that is kind of early for me!), Torben