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

To: dwight martin who wrote (25611)	9/22/1998 8:11:00 AM
From: tonyt	Respond to of 32384

>The point was, it seemed to me, that there were a few trades at >eight, above the day's high. And the counterpoint was that there were "more than a few" at 7 3/4's, yet this fact was not mentioned (but was only linked, a link that will soon expire). It was a prime example of how close we come to the line of misrepresentation here on the Breakout! thread.

To: dwight martin who wrote (25611)	9/22/1998 8:41:00 AM
From: Henry Niman	Read Replies (2) \| Respond to of 32384

dwight, Since its a new day, I'll try one more time. I thought that it was interesting that LGND traded at $8 yesterday, but my main point was to define what the trades meant. In the past when I mentioned after hours trades or pre-open trades, this thread was told that such action was primarily reserved for larger more active stocks. I had made the point that LGND frequently traded after the close and before the open and these trades were reflected in the volume, but not the high, low, or close. My explanation was countered by non-sense about "out of sequence" trades, which I explained would be listed as "late" on the quote.com table: quote.com Last night's trading was a excellent example of all of the above. There were two trades at $8 which were executed at 16:00:41 and 16:00:42. These are after hours trades so they are on a black background and do not affect the high of the day, which was 7 7/8. There were also a couple of trades at 7 7/8, which were still considered part of the trading day, so they are in green (the high for the day). Then, at 16:01:21 there is a trade of 5000 shares @ 7 3/4 and that was considered the last trade of the day, so it is on a white background and composite tables show a close of 7 3/4 on a 5000 share trade. After that, all trades are after hours (on a black background), including an out of sequence trade a 16:02:56. which is marked "late". Thus, the trades last night make the point that I had made previously. The trades on black backgrounds marked frmT are after hours trades, not out of sequence trades. The trade marked "late" is an out of sequence trade. The point of my post was that some posters who post almost exclusively on price, have trouble understanding how an after hours trade is displayed.