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

To: celeryroot.com who wrote (12019)12/3/1997 2:26:00 PM
From: Henry Niman  Read Replies (1) | Respond to of 32384
 
Celeryroot, LGND did open at 13 3/4 (full ask price), and the first few trades were all at 13 3/4. The line was short, but they were buyers.



To: celeryroot.com who wrote (12019)12/3/1997 2:44:00 PM
From: tonyt  Read Replies (1) | Respond to of 32384
 
Well, whatever it opened at, the fact remains that 13 3/4's which was once a 'floor' of support is now a 'ceiling' of resistence.

...as I typed this the MM lowered the ask to 13 9/16's (a 16th spread) to attrack more buyers.



To: celeryroot.com who wrote (12019)12/3/1997 2:48:00 PM
From: Henry Niman  Respond to of 32384
 
LGND ran up very sharply to 13 3/4 late yesterday (including a 15K buy at that price). Today volume has been very light. I see no evidence that 13 3/4 represents a "ceiling" of any sorts.


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