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

To: lavalamp who wrote (10207)	10/27/1997 12:51:00 PM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

lavalamp, Looks like big boys are starting to come in. Volume is approaching 1/2 million. Bid is up to 14, ask is 14 1/8.

To: lavalamp who wrote (10207)	10/27/1997 1:07:00 PM
From: Russian Bear	Respond to of 32384

Lavalamp, I would love to help you hold down the fort on the buy-side, but I am now officially out of ammunition. I did, however, manage to add another 12%, or so, to my LGND position on the way down. Maybe Mr. Robinson will come to the rescue, tomorrow, as Henry suggests. As for the ongoing massacre, I have a feeling that margin calls are already being issued, and are contributing to this disaster (and not just with LGND.) If anyone had the misfortune of being too-heavily margined at the start of this thing, he would be looking at a whale of a margin call, today. Once the crisis blows over in the general market (note the feigned optimism,) I suspect we will see the selling pressure in LGND subside, as well. Good luck, RB