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


To: tonyt who wrote (13735)1/25/1998 10:56:00 AM
From: Proton  Read Replies (2) | Respond to of 32384
 
Re: 23 January Block Trades

Peter, since the bid dropped after these two trades, they were more likely sells... The seller "probably didn't want to go into a weekend with a major political scandal" while holding LGND :-)

This makes sense, unless the trades went off at the ask.

Also, who took the risk: a market maker (not their style), short covering (perhaps), or someone looking to go long (then all that happen was that the weekend political risk was transferred, not removed).