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Biotech / Medical : IMNR - Immune Response

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To: Leo Van who wrote (10)7/18/1996 3:32:00 AM
From: Carlos Fung   of 1510
 
Leo,

Immune has been moving around a lot more the last 2-3 months (from 6-12) than in the previous 1/2 year - 1 year or so. I sold my shares that I bought a long time ago at 10 3/4 at 10 3/4 after I watched the stock fall to as low as $4-$5 and I had to wait around 9 months for it to move up to breakeven. Lately, IMNR has been selling between the $8-$12 range, so if you get a change to buy in below $8 I would buy some shares "but not all your money". Then if it goes around $11 sell your shares and buy back if it fall around 8 again. Actually, another good strategy would be to buy in block of shares at various prices, so you can sell and buy for easy short-term profits, but still keep some shares on "hold" in case IMNR makes a big announcement. This is my strategy, yours might be different depending on your availability of funds. Good luck, and I do recommend getting some shares below $8.
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