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Biotech / Medical : VICL (Vical Labs)

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To: William Strop who wrote (463)	1/6/1998 11:14:00 PM
From: Scott H. Davis	Read Replies (2) of 1972

William - several factors could do it. (BTW, I looked at several biotech charts today that had large 97 sell offs, and a majority show signs of turning around - way too soon to declare a trend tho) A couple "market gurus"/newsletter writers, significant positive news from several biotechs (Phase IIIs, FDA approvals, more alliances & large milestone payments. etc. could make an undervalued sector hot, especially if the news is good enough to cause short covering. Case in point. May 96 Worth featured ISIP & VICL as potential "Next Microsofts". Feb issue came out over weekend with Update on ISIP (did anyone see it, any comments on VICL? - new issue has not hit streats here yet) Anyway, ISIP went bonkers, this afternoon probably had some short covering. So anyway, I'm increasing my scrutany of this sector to try & spot a sector trend. Scott

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