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Biotech / Medical : IPIC
IPIC 0.0001000+899.9%Aug 15 3:35 PM EST
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To: sds who wrote (651)9/17/1997 11:52:00 AM
From: Jack Ryan   of 1359
 
Hope is not what you base an investment on. It is my own opinion from reading the previous published citicoline reports that its efficacy is open to question which says to me that basing value
on its future sales is entirely speculative. In situations like this
(just look at ESOL and others) the smart money gets out while the
PR machine keeps the price inflated as long as possible so that the
herd doesn't panic. Again, I think the only way this company should
be bought or sold at this point is as a "speculation" not a calculated
investment. I think the stock is going way below 12 but if I'm wrong
I won't be crying. Maybe I'll buy back in at 6 or 7. Good luck to
all -- but I'm keeping my puts. Jack
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