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Biotech / Medical : Imclone systems (IMCL)
IMCL 0.1590.0%Oct 5 5:00 PM EST

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To: Cacaito who wrote (2148)3/1/2002 12:44:35 PM
From: 613   of 2515
 
Today is probably a lot of short covering due to yesterdays gains. We'll have to see what happens next week but I would expect a pullback to low 20's then it becomes a trading stock based on crazy evaluations - as it was before.
Will other competitors beat IMCL to market will be the next big question. It will be a close race. Even if they do get approval, the current price is probably a reasonable valuation. Other drugs in the pipeline are 1-2 years out.
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