Biotech Short Candidates Message Board

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Biotech / Medical : Biotech Short Candidates

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To: prophet_often who wrote (23)	1/21/2001 3:38:35 PM
From: prophet_often	Read Replies (1) of 897

Covered IMNX short AH Friday at 33.125 for a four day 13% profit. AMGN news may cause a short term rally in the bios next week. Also did not want to hold IMNX short through earnings on Wed. Will look at this one again later. Still holding IVGN short from 71. Do not like the chart, nor do I like the valuation placed on this company. I understand they are having some problems integrating the LTEK merger. The high valuation placed on this company appears to be the result of future earnings growth projections priced into the stock. IMHO, this one is setting up for some disappointments down the road.

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