IPIC Message Board - Msg: 2305688

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Biotech / Medical : IPIC

IPIC 0.0001000

0.0%

Dec 18 4:00 PM EST

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To: Haolin Ni who wrote (751)	9/29/1997 2:10:00 PM
From: Banjoman	of 1359

>>Another down day for ipic. I hope the ipic investors have seen the bottom of the price but......<< Probably not. We are headed into tax loss season (end of October for funds, end of Dec for individuals), and quarterly window dressing (end of September). All of this will put continued pressure on IPIC, even if there is no continuation of negative articles. I personally wouldn't be surprised to see IPIC go well below $10 at some point. The pay-off is several years off, there are substantial risks (both from litigation, and from pipeline not panning out as well as expected), and the best case result is a price of $50 or so in 4 years. A 50% discount rate gives you a $10 price. I am actually quite pleased with how it is holding up today - the opening trades were the lows.

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