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

To: Henry Niman who wrote (13159)	1/9/1998 6:56:00 PM
From: N	Read Replies (1) \| Respond to of 32384

Good. Hopefully, this 'exogenous shock' (Asia) starts moving onto done deals in the following week(s). But problems with developing country financial systems (or rather, lack of them) is systemic... World Bank actually has optimistic report on the fundamentals... Nancy

To: Henry Niman who wrote (13159)	1/9/1998 7:25:00 PM
From: N	Read Replies (2) \| Respond to of 32384

Meanwhile, re: technology of bid/ask intraday inferences, check this out for the humour: From: Toothfairy Sunday, Dec 7 1997 1:40PM EST Reply # of 27299 Paul: I spent fourteen years as a NASDAQ trader. Your comment about "level 2" is incorrect. It is impossible to really tell the buyers from the sellers. I, for one, would sit on the bid with others to create the appearance of strenght in a stock and then send in another mkt. maker to hit all the bids, thus getting execution and liquidity. An investor using level 2 is kinda' like a brown-belt in karate: he knows just enough to enter a bar on Fri. night, pick a fight and get his butt kicked.......no offense. ----- Don't want to be negative, or be the raspberry seed in the cogwheel of progress here, -- I am pro LGND --but I'm not as optimistic as you are in inferring long run price moves from daily numbers... I'd rather put my faith in the science. Nancy