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Biotech / Medical : InterMune (nasdaq)ITMN

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To: IRWIN JAMES FRANKEL who wrote (68)3/15/2001 12:18:38 PM
From: StockMiser   of 508
 
Well...an even better buy now at 18.

I had ITMN at around 12 and sold around 18 (ironic that I buy it again here). Missed the whole run to 55.

I think this is the buy op here that everyone will wish they had seen once the stock heads back to 30-40 (stock was 38 only a month ago).

No change in the story here, huge rewards for the patient. Gotta love that $70 prudential 12-month target.

Looks like stock is getting beaten down with that last CNCT sale. Once that is done, a quick leap back to 30 looks probable.

Very very very few biotechs in this world have a product with potential sales of 4+ billion, is already approved for some indications, and is in human trials for the remaining indications. The potential here easily dwarfs IMCL, which has a current cap of almost 2 billion.

SM
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