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Biotech / Medical : Immunex

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To: TideGlider who wrote (132)11/19/1997 3:15:00 AM
From: Bob Swift  Read Replies (1) of 656
 
Same here. 15K CYMI , 10K CNTO and 9K IMNX. All went up and then fell off the cliff in a matter of days. Worst, 5K SCOP, same fate. Bailed out of IMNX the first day and made about $100K but lost $150K on CYMI, CNTO and SCOP. Hope that SEPR holds up or I will not be able to retire early, if at all.
The IMNX sell recommendation is weird. If there is so much uncertainty regarding FDA, regulatory issue etc etc that the analyst issued a sell, how can he be so certain and precise as to issue a target price of $50 ?
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