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

To: Andrew H who wrote (9937)	10/21/1997 5:03:00 PM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

Andy, Others may be reading that Lehman Brothers reiterate buy. Check out the after hours trading on LGND at: quote.com MMs raised the bid to 16 15/16 and the ask to 17 just before the close. After the close there was over 18,000 shares bought at 17 and 2,000 sold at 16 15/16.

To: Andrew H who wrote (9937)	10/21/1997 5:17:00 PM
From: Arthur Radley	Read Replies (2) \| Respond to of 32384

Andy, For I have sinned. Confession is good for the soul so I must confess my transgression today. I s--- a couple of thousand shares of L---. I still have over 75% of my position so I'm not jumping ship. I decided to take a position in XOMA before November but will not hesitate to buy back LGND. Notice I can't spell the s word in the same sentence as LGND(:>). Looks like the 17.00 will be a barrier until the next news.