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Biotech / Medical : ImmunoGen
IMGN 31.230.0%Feb 26 4:00 PM EST

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To: Sonny who wrote (3661)11/5/2000 6:49:50 PM
From: RJMC  Read Replies (1) of 5665
 
You're probably right. One thing I do notice however is with regard to the other stocks that MTSL covers, that they don't seem to be using the same valuation philosophy (such as the STEM Cells recommendation, a company which doesn't even have anything in the pre-clinical stages yet).

I noticed that MTSL is quick to raise buy and target limits for the other stocks. But there seems to be a dichotomy when it comes to IMGN. It's hard to imagine IMGN staying in the existing price range. Seems like any kind of news saying that everything is at least going as well as expected in clinical's will drive it up at least 10-20 points (probably a lot more if the news is significant). Any bad news, which is unlikely to the extreme given what Dr. Tolcher said in the IBD article, and the stock wouldn't even be worth recommending.

MTSL has always had a history of sticking their necks out with recommendations on good technology. It's just hard for me to see what's holding them back right now.

Gonna be a big week, one way or the other.

Bob M.
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