Immunex Message Board - Msg: 2893920

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Biotech / Medical : Immunex

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To: santhosh mohan who wrote (168)	12/6/1997 1:35:00 AM
From: Bob Swift	Read Replies (1) of 656

The intraday trade chart at Discover brokerage gives a fairly clear picture. Somedays like last Friday, it took only a few trades of hundred shares to push the price up. Other days like yesterday it took a few trades of 1000 shares to do the trick. Today nothing happened. I don't advise anyone to try to make a buck by betting that the same is going to happen again. Whoever doing it has the buck , the skill and the gut needed to play the game - i.e.this is not someone you want to mess with. Investing according to the fundamental is the better bet IMHO. As far as IMNX goes, I personally will wait a few more weeks to months before testing the water again. There simply is no good news to push this stock that much higher,especially in this jittery market. Any move to higher price will simply allow the next guy to get even and get out. But then again, I may be wrong. I have been wrong more times than I care to remember.

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