IPIC Message Board - Msg: 3426636

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Biotech / Medical : IPIC

IPIC 0.0001000

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Aug 15 3:35 PM EST

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To: mattie who wrote (1036)	2/13/1998 2:04:00 PM
From: Pancho Villa	Read Replies (2) of 1359

Mattie: >>This stock has nowhere to go but lower. << Long term you may be right. But you will need to be patient, even if the Redux liability issue catches up it may be a long battle. Bio tech stocks have a way of flying high in this crazy market. >>Plus, the company has virtually NO revenue and will not unless their stroke drug gets approved (but that will not be until next winter at the earliest and only a 50-50 chance they will get approved). << I agree with you but there is a lot of people who think otherwise. Hope we are right. My opinion is the result of conversations with a very limited number of neurologists familiar with the drug [i.e., the trials] who thing it is not better than sugar water. Perhaps a good idea is to short close to "FDA speaks date". I am not currently short [I covered at 97/16] but would jump in right back if it ever crosses 12 again. IMO lot's of resistance at 9 because intercardia is worth about $2/share and investors don't believe until they see blood. A normal behavior when one is under water, just mait and see.... Pancho

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