IPIC Message Board - Msg: 2262320

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Biotech / Medical : IPIC

IPIC 0.0001000

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Aug 15 3:35 PM EST

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To: Jack Ryan who wrote (721)	9/23/1997 11:04:00 PM
From: P.Prazeres	of 1359

another down day on heavy volume...the old 12-7/8 support was taken out and slaughtered today....I read a story in the Boston Globe yesterday, where the company ahas not given up on Redux...but realistically insiders were selling this summer and the question is why would you sell if you thought good was coming...(sales at 18 and 20, by the way)... The shorts may be accumulating more on this one. Time to move on...by the way selling calls against your position is not insurance in this case because there really isn't any support at this point...real protection is with the purchase of puts, but the premium is hefty. Paulo

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