Biotech Valuation Message Board

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Biotech / Medical : Biotech Valuation

CRSP 55.26

+1.2%

3:59 PM EST

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To: XenaLives who wrote (5468)	1/18/2002 4:44:45 PM
From: IRWIN JAMES FRANKEL	Read Replies (1) of 52153

Hi, "I would like to hear a more knowledgeable voice on what the current value of IMCL might be." BMY paid 70 for shares - I doubt they would today. But it seems to me that if you can buy for 1/3 of 70 it is worth a shot no matter what we think of the mess. Yesterday the market said IMCL was worth 30. [I really hate using the market to define value but it is some indication.] What happened today to change the markets view of value? We have a congressional investigation. I do not think that materially changes the value of IMCL. So I bought it at 18+. If I had been a bit quicker I likely could have gotten some in the 17's. This is more like gambling than investing - what a rush. :-) ij

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