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Biotech / Medical : VICL (Vical Labs)

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To: Scott H. Davis who wrote (456)12/27/1997 10:02:00 AM
From: tonyt   of 1972
 
> why would now be a good time to pick up on VICL.

1) Tax selling will end soon
2) The H&Q conference is next month ( I don't think that Vical will present, however should boitechs rally next month Vical will benefit).
3) Nothing but good news has come out of Vical.

Reasons not to buy:

1) It could easily drift down to $10 again.
2) Biotechs (and Vical) tend to drift down during the summer months.
3) Biotechs are very risky, and if bad news ever does come out of Vical it could easily be cut in half

So, IMO, Vical is a good long term hold, but be prepared for volitility (which also makes VICL a good trading stock -- buy at $11, sell at $15)

--Tony
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