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

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To: NeuroInvestment who wrote (644)9/15/1997 7:06:00 PM
From: ernie de la fuente   of 1359
 
Well put neuro!

I have traded IPIC quite frequently but not much recently over the last
2 years and I agree with your statements. I am a bit shocked that this didn't correct further but I feel very confident it will drift downward and puts might be prudent(although I don't play options all that often). When the hype was running rampant before REDUX approval we ran from upper single digits with various pauses at 12, 15, 19, zoomed to the 30's then zoomed to the 40's. I think it is reasonable to think that 12 is a possibilty again. I don't think we will see single digits as IPIC is not an unknown anymore and the pipeline will be hyped enough to keep double digits. The others that have followed this ride couldn't have missed some VERY odd activity in the stock. Often there would be heavy volume BEFORE news would hit the street and I know I am not alone in theorizing that there are some leaky wheels on this wagon. Nonetheless, I am ready to play the game again and load up after further slide and ride the citicilone-train. Anyone care to take some stabs at some techie analysis and predict the bottom!

Doughboy
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