Immunex Message Board - Msg: 2879054

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Biotech / Medical : Immunex

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To: Bob Swift who wrote (164)	12/4/1997 4:07:00 PM
From: Bob Swift	Read Replies (2) of 656

Someone has been playing game with this stock. For about a week now, IMNX would open high, then drifted down immediately and stay flat the whole day. Then at the last 10-20 minutes or so, someone would start buying on small volumes but incremental highs to push it higher.This gave the appearence that IMNX was closing higher and higher everyday. IMNX has thus been effortlessly pushed up from 52 or so to 59.25 on tiny tiny volume. I guess anyone wanting to make a quick buck can just buy 5000 shares or so anytime during the middle of the day and then sell them to this guy at the end of the day. Today, for example, it happened again, at 3 minutes to close, gone from all day flat of around 58 to 59.25.

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