Immunex Message Board - Msg: 16739676

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Biotech / Medical : Immunex

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To: LemurHouse who wrote (607)	12/3/2001 5:01:51 PM
From: John Curtis	of 656

Eric & Andrew: There was an analyst or some such on CNBC this morning saying that Immunex has not solved its supply problems, the plant might not get approved, etc... Hmmmmm....that pretty much validates my WAG that the analysts have concerns. It comes to this in my mind. The analytical community has spent damn near the past 2 year taking it on the chin and looking like people with feet of clay. Many reputations have been ruined and the institutions/houses they represented have been found wanting. Therefore it should come as no surprise that same community is playing it so close to the vest, eh? Indeed, I think we can expect FREQUENT changes in recommendations going forward, probably caused by any perceived "burp" along the way. And this applies not only to IMNX but to every other equity out there, too. To say these folks are hyper-sensitive to looking like idiots is to understate the obvious. And probably, as a consequence of this hyper-sensitivity, they'll continue to look like fools. John~

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