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

To: Machaon who wrote (23441)	7/22/1998 4:33:00 PM
From: Russian Bear	Respond to of 32384

Bob, Good luck with the warrant purchase. I think it will turn out to be a smart move, in retrospect. Re: manipulation -- I don't think it need be anything as sinister as that. Most likely, someone has simply been repeatedly placing limit sell orders for the warrants, in increments of 5,000 or so, at 6. There is, unfortunately, no way to tell how many more this seller might have, beyond what traded today. Good luck, RB

To: Machaon who wrote (23441)	7/22/1998 5:32:00 PM
From: J Stone	Respond to of 32384

FWIW, I was a buyer of a block at $6. It's OK with me if the price is being manipulated by "the powers that be" so long as they're willing to match my orders. Time now to wait for the 5 - 6 month cycle to swing the other way. P2 hasn't commented lately on the cycle but I'm hoping he views a swing as past due. Incidentally, anyone know what's become of Scusami?