Immunex Message Board - Msg: 2770380

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Biotech / Medical : Immunex

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To: Charles Hill who wrote (135)	11/19/1997 6:38:00 PM
From: TideGlider	Read Replies (2) of 656

Charles: Thanks so much for you reply. It isn't that I believe the words of the analyst. It is that I have seen this so many times before. The stock falls and then everyone holds it up believing they have bought the bottom. Only to see it falling again. Sometimes they only keep the price up after a big fall to save money on naked puts they had sold. I fear it will fall and it will be the death blow to me. Look at CNTO. It fell and will not recover. Cymi.... all received the death blows. Until they get it for the price they want they will tear it down. I would guess after expiration(Friday) it will gap down big Monday. Starting Friday it could go down significantly if it follows the model. Then the boom on Monday. They (analysts) will not be made fools. They said 50 and it will most likely come. The 50 is 12 month target!! Damn them!! I feel much safer coming back after the fall. Maybe in February or March. Again...thanks for your concern.....not many people care enough to encourage others. I have just been beaten down too much. More than I have ever lost. I wasn't near a phone this morning so I didn't call in. Then I heard about the unusual rally and let it go today. I will be watching the Asian markets carefully tonight. If there is a strong down the equity euphoria that was only induced by the "flight to quality" that brought down the bond price/interest rate with not hold the selloff. It will also offer an excuse for profit taking. If this stock heads down and breaks 60 their will be no cushion. It will free fall to the 42 levcel...then the next strength seems to be 36...29 and 20.... I know you are thinking I am crazy but I just saw it happen...with CYMER. They actually had great earnings. Theu proved the rumors false. They have a 40% projected rise. Yet they went from 98 pre split to 15 post split. That is incredible for a company that did nothing but produe income. Check it out. Montgomery and Morgan Stanley did it. Best wishes and hoping for great gains for you!! Bruce

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