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

To: shasta23 who wrote (11891)	11/30/1997 2:28:00 AM
From: Zeuspaul	Read Replies (1) \| Respond to of 32384

Stefan, your post is right on. I also find the info in tony's post useful. I watched the trading on quote.com and got the same impression that you have..no significant direction one way or the other. If tony could post the bid and the ask and the size of the bid and the ask along with the blocks it would be even more informative. Every time I get too greedy I lose. Trying to pick the bottom or the top is tough. The current downward slide does not look like a long term trend if you look at the chart. It has followed this pattern several times before. If we use Tonyt's price predictions ( only Henry oto has breathed lower) as a guide we would do well to get in now as he is predicting 16. A ride from 13 to 15 would be a 30 percent return if it were a six month time frame. Tony, do you have a time estimation for the 16?

To: shasta23 who wrote (11891)	11/30/1997 9:19:00 AM
From: tonyt	Read Replies (1) \| Respond to of 32384

> But what i do care about is mispresentation like tonyt's statement > about continous selling of big blocks. "Misrepresentation", give me a break. I posted ALL the data, and in your first response, you pick TWO buys to dispute my statement. Now thats mispresentation. Stocks do not trend down with large block buys in a generally 'up' market. I've been saying for awhile that it looks like there is a lot of large block sells. These statments have been met with rebutals such as 1) That's not a sell, its a swap, look at the buy in the same amount right after it (Not one of the many readers of this thread cared to challange that statement with the fact that thats how NASDAQ generally works -- its not an auction market). 2) The MM has been known to lower the ask to accomodate a large block buy. Right after that trade of 12 5/8's (with a bid of 12 5/8's), the MM lowered the ask to 12 5/8's (Again, no one sees anything wrong with this statement). and 4) all the sells were retail, all the buys were institutional (I find it hard to believe that intitutions never sell) The fact that LGND is trending down supports my views that the recent large block trades were indeed sells. > where do have that from tony? is it a free site? papyrus.com