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Biotech / Medical : IMMULOGIC
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To: Bosco who wrote (185)7/18/1997 2:41:00 PM
From: Xingbo Wang   of 305
 
I had contemplated of selling IMUL for a long time but did not do so until I heard about the delay of the Ragweed trials. I sold 80% of my holding immediately after I heard the news. The market was not very efficient in the case of IMUL, so I got a price of 3 1/2 before the news really sank in and knocked the price downto below 3. I kept 20% of my holding just in case there is some miracle happening soon, such as a deep-pocketed corporate partner. But chances are, there won't be any upside from here within the next 18 months.

Regards,
Xingbo
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