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: John O'Neill who wrote (20619)	5/13/1998 12:50:00 AM
From: HerbertOtto	Respond to of 32384

About the 15k block close... I understand that the block can be a 'catch up' report, but it will be forever remembered as the Closing Price. As a follower of TA, it is important to me. It is one 'message' from the MMs that indicate what market they are trying to make out of this. Today it wasn't needed, as you point out with the real Last Trade at 14 1/8, but the 15k block was held back just in case. Also, a 100 share trade would look weak to close on an uptick, so the block was held back for a convincing show. Also adds to the OBV. Somebody has to make this thing look orderly. There is another explanation, but this is too long-winded already. Whichever way it came about, we got an up-close after the buyout announcement. All is well thus far. Good luck, Herbert