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Biotech / Medical : Immucell (ICCC) - Potential Treatment for Cryptosporidium

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To: Ed who wrote (6)5/14/1997 6:53:00 AM
From: Jonathan Rothschild   of 46
 
This stock looks like it's breaking out. At 1:40 P.M. yesterday, someone bought 25,000 and took out all of the offers. This hasn't happened since last April when the stock spiked briefly around 6. I hope it doesn't happen again as this is not good for the stock. The stock settled down to 2 7/8 - 3 1/8. If a small stock spikes too quickly, it will come right back down. I suspect that the SOES bandits have this one on their radar so watch it today. Also now that it's beginning to get technical traders' attention, any positive press release will add to buying pressure. I admit that I have a large position. In my opinion, the stock is still ridiculously cheap (7 MM Market Cap) with their revenue stream, forward earnings outlook, R & D expenditures, phase 2 studies with the Navy, environmental test coming on line, lactoferrin partnership and ongoing revenues. I've tucked it away and now am ready to enjoy the ride.
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