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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: Roudy who wrote (1178)7/29/1997 7:30:00 PM
From: I. Luttichuys   of 1762
 
Don, there is something "hanging out there" IMHO. I believe that IDEC could announce the complete termination of the CE9.1 effort. For me, this sort of represents another "bump in the road" which may give some reason to pause.
I think there is a reasonable possibility this may occur. The market may be anticipating this.
Other than that, I would like to play this stock as I have in the past. If it starts to decline, as it has in the past, I have usually been able to recognize the bottom. When I think I've seen it, if I catch it this time, I'll be in again. Especially if it is accompianied by the above-mentioned possibility.
All this could already be moot however because, today's activity is a very good sign to me. I the past, this kind of day has foreshadowed good gains.
BENNETT
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