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Biotech / Medical : IPIC
IPIC 0.00010000.0%Dec 18 4:00 PM EST
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To: Thomas C. White who wrote (659)9/17/1997 3:24:00 PM
From: Jack Ryan   of 1359
 
There is logic and there is logic. You can have a serious
debate about liability, valuations based on potential future products
that may or may not prove themselves, and other factors. However, it
is my observation that when such massive damage is done to a company
for whatever reason (and the prospects for continued negative events
and press looms ever larger) it will take a long time to recover, if
ever. I will invest/speculate on the long side when it gets down to
6 or 7 and still has some ammunition left. Until then it is not safe
to own this stock and I think any rallies (which there should be) are
opportunities to sell. As of now I think it is a better bet that you
can double your money with the stock going to 7 than it going back to
30. Just my opinion. Jack
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