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

To: Robert Cohen who wrote (23726)	7/31/1998 2:26:00 AM
From: bob zagorin	Read Replies (1) \| Respond to of 32384

almost 2.5 million shares short on LGND as of July. that's almost 19 days worth at current avg. daily volume. if this puppy ever starts to rally, tony's boys are gonna have to scramble. couldn't happen to a nicer bunch :> BOP continues with slight improvements to positive mid-yellow. all thru this sell off, with only a few exceptions, BOP continued positive although way down in yellow compared to solid green of spring rally. there are only three neg. red days the whole year and only a handful of neg. yellows. not sure what that all means. i think it means that, for the most part, LGND has underlying support but volume has been low indicating little interest. ps. bet you a hundred this draws some smart ass rejoinder from the barnyard crew but, hey, who cares.

To: Robert Cohen who wrote (23726)	7/31/1998 3:22:00 AM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

Thanks for the tape showing the three $12 trades at the end of the day on the 29th. Hard to see how three trades executed within minutes after the ask is raised to $12 (the high for the day) would be considered "out of order" or selling. I think that a much better argument could be made for the poster being "out or order" :-).