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Biotech / Medical : VICL (Vical Labs)
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To: foundation who wrote (438)11/12/1997 8:29:00 PM
From: Jim Roof  Read Replies (1) of 1972
 
I think it is just a market phenomenon. VICL is technically pretty weak (and has been for a good while) as evidenced by the strong pullback from 17 after the last deal was announced. I think there must be a lot of players on this who just trade it for 20-25% and until something really dramatic happens VICL seems stuck in the low-mid teens.

Days like this tend to drive issues down to test recent levels of support. Let's hope for a market rally soon.

Jim
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