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

To: Torben Noerup Nielsen who wrote (30285)	1/14/2000 3:37:00 PM
From: Torben Noerup Nielsen	Read Replies (1) \| Respond to of 32384

A question for some of the professioals with more knowledge of trading than I have. I've been watching the real-time quotes and for a little while they showed a bid of 16 3/8 with a size of 2 along with an ask of 16 1/2 with a size of 2. Then the last trade suddenly shows up as 16 3/4 with a size of 1. How can this happen? Does that mean that the shares were traded off the books somehow? And why in the world would anyone pay 16 3/4 for 100 when there's 200 available at an ask of 16 1/2? I've seen this several times during the afternoon and I'm puzzled. Anyone have a good explanation? Thanks, Torben P.S. Skeeter, I'm trying to take your ``buy cheap" lesson to heart and it sounds like there's someone else who needs it... :-)