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Biotech / Medical : InterMune (nasdaq)ITMN

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To: Secret_Agent_Man who started this subject4/24/2002 12:19:36 PM
From: Czechsinthemail  Read Replies (1) of 508
 
Looks like some exiting for the sidelines ahead of the earnings report. ITMN hasn't been performing very well lately. Someone seems to be selling any rallies, putting downward pressure on the stock But with the exception of questions about the company's valuation, the Mayo-related questions about the effectiveness of Actimmune and a possible crackdown on off-label marketing for IPF, the news background generally seems positive.

I've been doing some selective buying on the dips and hoping that it's more a reflection of investor skittishness depressing biotech prices rather than any fundamental problem.

Baird
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