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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID
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To: billkirn who wrote (1094)7/9/1997 12:08:00 PM
From: Rick Costantino   of 1762
 
For the scenario that approval is allowed, how do you guess that the stock will drop dramatically by 50% to $20? This seems highly unlikely to me. If IDPH were highly overvalued based on hype, I would agree. However, I feel that the current stock price is such that the approval is already figured in. My guess is that any movement (either down as you see, or up as I predict) will be much less dramatic you feel will happen. Anyway, time will tell...Good luck in your strategy.

Rick
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