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Biotech / Medical : IPIC
IPIC 0.00010000.0%Dec 18 4:00 PM EST

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To: margaret foley who wrote (640)9/15/1997 3:33:00 PM
From: Jack Ryan   of 1359
 
I have been taking long positions in IPIC at each "buying opportunity"
since it was at 30. Today was my wake up call. I am now out of my longs and buying as many puts as I can. In my humble opinion too many analysts are too exposed on this stock to reverse course quickly -- but they will as legal liability suits and the public awareness of the "30% affected" info (true or not) takes hold. The little I have read about citicoline is indecisive and it makes sense to me that the marketing hyp will try to make the stockholders believe it is the future hope just like redux. Yes, maybe, but I for one am taking advantage of the current plateau and loading up the puts. Good luck
to all -- long or short just keep your eyes open. Jack
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