SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : IPIC
IPIC 0.00010000.0%Dec 18 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Andrew H who wrote (769)10/2/1997 11:38:00 PM
From: Jack Ryan   of 1359
 
On Sept.15 (post 643) when the price was still around 17 I renounced
my long positions and my confidence in this company. I suggested that
longs at least protect themselves by buying puts; I suggest that any
rallies be used for that purpose again. (or to just sell). IMO the
stock price will slide gradually down to 6 or 7. The gentleman who
analyzed the 10'ish valuation may be on target rationally but markets
usually don't behave so rationally -- upside and downside targets are
usually exceeded when there is a mania or extreme sentiments such as
in this case. Personally my feeling is that this company will run out
of cash (high burn rate) and with a questionable pipeline of future
products, uncertain legal liability suits, etc. may find it difficult
if not impossible to raise enough additional capital. But if the company traverses the gauntlet facing it I could see taking a chance and going long on a speculative basis after another 50% drop. Otherwise I would wait for a move back above 20 (if it ever comes which I doubt). At that point the stock would have proven itself a recovery and there would be plenty of time to double your money before it hit the 40 or 50 some analysts are still projecting? Meanwhile it is not too late to protect yourself with puts as imo it can still get
worse. Good luck to all, Jack.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News