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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: Rick Costantino who wrote (59)9/30/1996 7:01:00 PM
From: I. Luttichuys   of 1762
 
Hello Rick, I notice looking at the historical price charts that in November of last year (when SmithKline sold the 360800 shares) there was really no significant downward movement in the stock price at least when you look at the month as a whole. I'd be a little worried if it was SmithKline again but I doubt its them judging from the info Brad's received. I'm wondering if its some kind of knee-jerk thing from Thursday's press release on this old sale. That would be good news for us and bad news for the sellers. I guess you have to take into consideration IDEC's rise as of late which has been at a pretty respectable clip. I'm thinking of buying more if this continues but I'd have to sell something else to do it after today's purchase (I bought some more @ 23 and 7/8). That's OK because I have a stock I might sell for IDEC if it reaches another appealing low after this one. What I'm trying to figure out is what it might go to and that's kinda hard w/o knowing what this is about. Where's a crystal ball when you need one?

Have a good night
BENNETT
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