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


To: Henry Niman who wrote (12279)12/8/1997 5:01:00 PM
From: Andrew H  Read Replies (2) | Respond to of 32384
 
Just checked it out--over 40K shares traded in 10 minutes after the bell, including one 20K trade. Perhaps some are taking positions before the anticipated Panretin announcement? Should make for a higher opening in the AM. I agree the increasing volume is a bullish sign, especially since much of it was at 14 or above.

Hard to say if the 20K trade was a buy or a trade among the MMs. In either case, though, it appears positive. Don't know if the MMs wanted to keep the close under 14 or if there was just more demand right after 4 PM. Any idea what the rules are about after hour trading?

Anyway, a close tomorrow above 14 1/4 looks possible and would be a great sign.