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Biotech / Medical : Immunomedics (IMMU)
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To: Joe Williamson who wrote (137)5/14/1997 8:12:00 PM
From: Louis Cristiano   of 371
 
Well Joe, your point is well taken. Based on the past performance of IMMU, it breaks out on average every 1 1/2 to 2 years. It will last about 1-3 days before it collapses again. History may repeat itself again and again, but don't count on it.

At least, with AT&T you get paid about 4% (dividend) while you wait for it to possibly go up. Lucent, which was spun off from AT&T last fall has more than doubled.

To me, AT&T is a spec at this time. It is selling for less than half the p/e of MCI and SPRINT. If, and that's a big if, the analysts begin to express more confidence in AT&T, you could see a big pop in the stock price.

The only thing about IMMU that goes up and stays up is the number of shares outstanding.
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