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Biotech / Medical : MedImmune

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To: Shlepper who wrote (49)5/14/1997 2:28:00 PM
From: James Mortensen   of 416
 
I agree with you on the inactivity, it just makes the stock a market makers playground. I would expect volume to pick up the closer MedImmune comes to producing its own drugs. I also wonder if some investors shy away after getting burned by the last drop to $3. That drop was instigated by a lack of understanding by the market regarding an FDA decision. Once the quick traders were shaken out the stock strengthened.

I think in the long run, MedImmune will produce strong gains, based on the fact that they do have a product in demand combined with products in the pipeline.

Regards, Jim.
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