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Biotech / Medical : AutoImmune-AIMM

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To: organ who wrote (48)	3/19/1997 1:10:00 AM
From: organ	of 298

Another day, another dollar ... per share ... Never mind the clinical trials, the charts look like crap! It appears that the next level of support is at the 7.875 level. Wouldn't it be prudent to exit now, and buy in when the selling frenzy is over? I don't know, some of you claim that such a precipitous drop is normal, but this drop does not look normal at all to me. By normal I mean just dropping because of TA/market psychological reasons. The drop has been damn well vertical lately, as if it were based on fundamental factors. Somebody mentioned BTGC to me, but its decline looks very different from this one. It has breaks and uptrends, and it only fell from 18 to 14 and now is looking healthier. I'm curious, at what level of decline would you posit that fundamental factors are underlying the decline of the stock? Would a 50% drop suffice? Any guesses, Regis or Thomas? - Organ

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