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Biotech / Medical : IMNR - Immune Response

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To: Greed Is Good who wrote (193)12/21/1997 1:02:00 PM
From: Mark B. Martell, CCM   of 1510
 
Gentlepersons,

My guess why the stock has gone down is some recent profit taking and "buying on rumor, selling on news". Like myself. I bought IMNR back in March hoping for a run up through November based on Remune's progress. The company seemed to point us towards November for commercial viability of Remune. The stock had run from $6-8 to $11-14 per share on this hope.

When the stock got to $13 and IMNR told us that Remune was 7 months away (May) from having a more definitive view of Remune's success, it appeared to me to be a good time for some profit taking. Hopefully they won't strike some sort of licensing deal before the mid/end first quarter so that I can buy back in before the next run up through May.

I'll be watching this one closely. I see great things in the pipeline with this company......

Mark
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