thanks for your kind words; sad-joke-IMHO: unless IMGN is right now planning to sponsor for the potential funeral arrangements of a San Antonio person, there is no obvious reason for this drop IMHO . :-( Sorry, TA is not much help for this kinda event-driven scenario (if thats the case, which I do not know)! Does anyone here knows anything? anything at all? If not, the only general reason related to money-flow, that I can think of for this short-term dip is this: many folks, who sold large-cap stocks in Feb-March of this year (the wise guys), had lot of cap-gains this year! Some of those, then, perhaps got late in to the Biotech game, and as soon as they got in, they got slammed mercilessly, e.g. from 45 to 25 here. Now, they are expecting an interest-rate-cut-driven-bull market in 2001, so they know they would have some nice gains in 2001, and in the short-term they got slammed here. So, they are offloading now, to reduce the tax-bill for this year. Thus, due to the bear, the usually-pre-poned-January-bull-effect that used to occur in Dec, in the past few years, has been totally reversed this year. Thats all I can think of.
regards to all,
-/Sonny. |
