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Biotech / Medical : Immunex

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To: TideGlider who wrote (154)11/26/1997 2:33:00 AM
From: Bob Swift  Read Replies (1) of 656
 
Don't worry TG, I am not going to sue you if I lose my shirts as long as you give me half of my $ back.
Seriously, I let go of my 9K shares with great reluctance the first day some analyst cried WOLVES. I have been wanting to get back in ever since but am still waiting for things to settle down. I don't want to repeat the same mistake of averaging down on CYMI and CNTO. YES, although the stories of CNTO and CYMI are just as compelling , IMNX somehow showed much more resistance to downward pressure. Could be the mood of the market or the different mentality of the investors in this stock.
I am not willing to go in at this point because of the concern that there may be others waiting to bail out before year end when the price is right (get even). May be I will buy 1K at a time to average in.
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