Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (5144)	9/21/1999 9:46:00 PM
From: Jibacoa	Read Replies (1) of 13094

Jim: I hope your prediction for the October 5th rally will come true. The problem seems to be wether the 1400-1500 support will hold until then. Probably not, if we get a couple of more days like today. IMNR: Take a look at the monthly chart: siliconinvestor.com The stock since 1990,(except in 1995) has traded above 10 at some time during the year. It dropped from the 13 level recently after they stopped the Phase III on Remune because the end-point of the trial was based on mortality rates, which had decreased substantially since the Phase III was started due to the newer "triple cocktail" drug combination. The drug still makes a big difference on "viral count" and still has a good chance of FDA approval. I was long on the stock but my stop-loss was triggered at the 11 level. Today the price held well in spite of the market. I am tempted on buying again at the 5 level. Regards and good luck. Bernard

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