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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: I. Luttichuys who wrote (641)4/14/1997 5:42:00 PM
From: Brad C. Dunlap   of 1762
 
Hi Bennett, on 3/28 Merrill Lynch had made two filings of a total around 700,000 sh to be sold . I have a strong feeling that they are very close to having sold this entire amount or at worst a few more days of selling to clean this overhang. I watched the trading today more close then usual on level II and a level III computer. Merrill was the big seller along with a few other MM who also were sellers as well. My thoughts are that we are very close and I am very tempted myself to start accumulating at this level as early as tomorrow. Of course the over all mkt will be a large influence and tomorrow's CPI number will be a very important number.
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