Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: shasta23 who wrote (12291)	12/8/1997 6:46:00 PM
From: Andrew H	Respond to of 32384

>> NOrmally you could assume that the bid at that time is 14 and the ask 14 1/8 (or 14 1/16)which means the big block would have been a Sell<< Hard to say. Normally the big block buyers get some sort of discount. Could have been a buy, sell or a trade. Still, a good sign that it was above the day's close. IMO. As for a close of 14 5/8, I guess it is possible, but if we are truly in a resistance area, one would expect to see more resistance than we have. On the other hand with the expected Panretin trials announcement (assuming it is positive), the stock could blast through easily. Remember, this will be LGND's final trial to support its first NDA, which is a huge milestone for a development biotech since it really demonstrates its first success and shows its whole technology may be effective.