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Biotech / Medical : IPIC
IPIC 0.00010000.0%Aug 15 3:35 PM EST

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To: Marshall Teitelbaum who wrote (829)10/19/1997 10:23:00 PM
From: Pancho Villa   of 1359
 
Hi Marshall, 144s or 4s. The filling certainly does not indicate intention to buy. So my rather short statatement previous to the link still applies.

In any event, I think that, starting with NeuroInvestment's reply to my original posting of the news, we are making too much out of it. Insiders do sell. I was just surprised to see what appeared to be a selling price of 18 in two of the transactions, a price at which the stock has not traded after the recall was announced. I certainly wish I had been capable of shorting at that price.

PS: I may double my [short] position next week. If I do I will let people know. Otherwise I will stay out of the board unless I find a piece of news that is not reported by someone else in the group.

Regards,

Pancho
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