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

To: Russian Bear who wrote (23432)	7/22/1998 3:59:00 PM
From: Machaon	Read Replies (3) \| Respond to of 32384

<< There appears to be a persistent seller of the warrants out there. >> I added to my LGNDW position today. But, in agreement with you, it sure looks funny. The Bid block @ $15 15/16 was 1000 and the Ask block @ $16 was 4000-5000 most of the day. It sure looked like controlled selling. How can that be done without some type of manipulation? In other words, if there are 4-5 times as many shares for sale, than for purchase, how come the price doesn't erode more? And, the tight price range smells funny. I guess that the powers that be can do anything that they want. Good luck, Bob