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

To: bob smith who wrote (10217)	10/27/1997 1:37:00 PM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

bob, Its hard to say what caused what, but the biggest drops were during retail selling. I think that more can be said with level II, which I don't have (it shows orders waiting on the sidelines). As of this morning's IBD, LGND's accumulation/distribution rating was still "A". However, there is selling across a broad front (the NASDAQ is down over 80), although I'm not sure how much of LGND's is due to big boys.