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Strategies & Market Trends : Strictly: Drilling II

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To: russwinter who wrote (10853)4/18/2002 10:05:15 PM
From: inchingup  Read Replies (1) of 36161
 
Russwriter:

I have been a follower of IMGN for about 4 years and bought and sold it many times over. One thing I can tell you for certain is that at one time I felt that Dr. Sayre (CEO) was as clean and straightforward as any in the business.

My feelings changed drastically about 6 months ago, not only about Sayre, but about IMGN's magic bullet. I have never published on any board what I found out but suffice it to say that once I learned what I did it was unloaded as fast as possible.

Although I did not receive insider information I can tell you that from what I do know I don't believe that IMGN is a value at even 7 bucks a share though others may disagree.

It certainly could make a short term pop with other Bio's but I wouldn't be buying it at present for any long term gains.

I would be extremely careful with IMGN. MLCO didn't dump their shares for no reason. Luckily, I beat them to the draw. Capiche?
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