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

To: shasta23 who wrote (11066)	11/14/1997 12:24:00 PM
From: tonyt	Read Replies (1) \| Respond to of 32384

A trade just went by at 13.5

To: shasta23 who wrote (11066)	11/14/1997 12:41:00 PM
From: Henry Niman	Respond to of 32384

Stefan, Every trade sooner or later has a buyer and seller. Yesterday, there were quiite a few sells at 13 3/4. In spite of those sells, the price held. It looked like a buyer was waiting somewhere in the wings. Today, after an initial rise, there was another string of sells at 13 3/4. Then the bid fell to 13 1/2 and a trade was executed at 13 5/8. If that large block was yet another sell, then there seems to be a buyer still waiting in the wings. However, I think that the 13 5/8 trade was a buy, picking up the string of sells. IBD publishes an accumulation/distribution rating, which gives some indication on how the buys and sells sort out. All buys and sells do not happen simutaneously.