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Biotech / Medical : Biotech Valuation
CRSP 55.15+2.5%Jan 5 3:59 PM EST
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To: XenaLives who wrote (5468)1/18/2002 6:24:25 PM
From: scott_jiminez   of 52153
 
<<I would like to hear a more knowledgeable voice on what the current value of IMCL might be.>>

I have no idea.

But having read the spate of press reports over the last hour, this one is rapidly approaching Enron-esque-gate-like territory. 'ImClone' and 'Congressional inquiry' will be incestuous sentence-mates for many years out, a less-than-awe-inspiring mode of confidence-enhancement for the new-age, jaded, cyncical investor.

In short, I wouldn't touch IMCL, down another 10%+ in AH, with a 10-foot pipetman.
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