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

To: N who wrote (13158)	1/9/1998 6:51:00 PM
From: Henry Niman	Read Replies (2) \| Respond to of 32384

Nancy, LGND traded quite a few large blocks today, but as you can see from the intraday chart: fast.quote.com (look at 1 minute chart) the big blocks were trading when LGND was around 12 3/8 to 12 1/2. There were plenty of large block buyers, which is why LGND's price held up so well while the rest of the market was tanking. You can see how the big blocks influnce the volume which was almost 1/2 million on 200 trades. After the big boys stopped, then the price fell to $12 and there were small trades. After that, the ask went back up to 12 1/2.