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Biotech / Medical : IMNR - Immune Response

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To: Chris Wilkinson who wrote (104)9/10/1997 1:33:00 AM
From: MJ   of 1510
 
Chris

Because of copyright laws I cannot give those sources over the internet.

Being a technical type, if you go to the longterm chart on Yahoo for IMNR it's easy to see the huge volume increase which presaged the current move up. That volume came about 1 month ago.

Also, note that the first resistance level will be aroung 15 to 16. Assuming that the stock goes to this level---the question then becomes whether or not it will continue upward or take a rest and consolidate.

From the intuitive viewpoint, seeing such a huge volume increase a month ago I have to wonder whether or not there is major, positive news which is forthcoming.

I certainly don't know; hence I will let the market reveal its message.

MJ
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