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Biotech / Medical : IMNR - Immune Response

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To: MJ who wrote (1472)12/5/2000 10:31:16 PM
From: MJ   of 1510
 
Revisiting some of my messages---checked the chart for IMNR---OBV has still not collapsed as has the price.

The price collapsed with the news re. the controversey over Remune. Also, the price has collapsed as has numerous other stocks.

Looking at the price chart we certainly have reached a previous longterm bottom. Is it a buy? Is it a sell?

Caution is the rule of the day for me on most stocks until I see some indication of the market bottoming and beginning to consolidate at these low levels.

I did put myself out on a limb on the OBV----am still puzzled as to why the OBV has remained high while the price has declined.

mj(not mark johnson)
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