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

To: bluejeans who wrote (18834)4/7/1998 4:06:00 PM
From: Henry Niman  Respond to of 32384
 
Big boys came in at the close. MMs dropped ask to 14 7/8 and two 25K blocks went off at 14 7/8 followed by one at 14 3/4.

MMs just cancelled one of the 25Ks at 14 7/8, so the trades are 25K at the bid price of 14 3/4 and 25K at the ask price of 14 7/8. After the trades the bid/ask was raised to 14 7/8 X 15 so I guess that the "follow the tape" rule would mean that they were both BUYS!


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