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Biotech / Medical : IVAX Insider Trading
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To: flickerful who wrote (95)10/18/1997 8:46:00 PM
From: 5,17,37,5,101,...   of 756
 
Not only do i not have a number for the FDA but i know next to nothing about IVAX. I purchased this rare canine specimen because of its large discount (my price:9.31) to insider purchase price (~13-16). Usually when insiders are getting their clock cleaned (as in this case) they arrange for the sale of the company. Hopefully Frost hasn't lost all of his marbles because if he has then he will lose all of his money (and some of mine also).

I have a strong feeling that there isn't a whole lot of profit in this new drug for Carposi's cancer. After all, how many people actually are suffering from the desease? And doesn't another drug company have a very very similar drug? The market, I think, doesn't give much of a hoot for it.

I think Thursday's and Friday's action looked good. Some of the shorts (i suspect there are many) will probably cover. We are most likely in for a bounce.

Jackson
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