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

To: Machaon who wrote (21516)	5/28/1998 4:44:00 PM
From: Torben Noerup Nielsen	Respond to of 32384

>What is left to do? Only one thing. Ligand must sacrifice a live >chicken, to the Viagra Market God, to make the LGND stock go up! While it wouldn't hurt to try this, I wouldn't be all that discouraged quite yet.... Todays volume was very high and the bottom line is that such volume increases tend to clean out shares at a given price. It's a significant amount when you consider the float. I'm really amazed at the volume on the warrant side. It was huge for those and it makes me wonder what is going on. There just aren't that many warrants out there and this kind of volume has to be making a dent in the amount that is up for sale. I'm off on a 2 week long trip around the world so please try to have a few pleasant surprises waiting for me when I get back :-) Cheers, Torben