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Biotech / Medical : IMNR - Immune Response
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To: Easy Mark who wrote (321)3/30/1998 7:56:00 PM
From: Manny Gugliuzza  Read Replies (1) of 1510
 
remune will be first approved by the fda most probably with combination therapy some time after phase II completion in September.

since a phase III is not required for this according to the company e-mail i received. phase III for remune alone is finished by march 99.

so the first technical upswing could peak in may from these new expected partnerships for ra but the pull back and major move will come before next may i feel and then again when remune can be used alone. you will need these three to get to that level of price.

investor psychology is a tricky thing. fueled by major momentum players
response to solid corporate action that produce earnings,this is what redefines the technicals to major moves up and lack of down.

stochasticly this past week saw all the ones i watch slip away.

not including today as of friday both the fast 15-1-5-5 and slower 13-5-7-7 are still negative .

the 10k and 4d short terms also but now even the longer term 80k 10d
have crossed.

this happens when the 50 day MA is breached by this stock.

we need the fundamentals to kick in here with some news to reverse these soon.

back to the charts to check the bands they must be getting nipped at the bottoms soon.

but basicly without any news or without bad news we are in holding pattern side ways in this 9-13 $ upper channel.

good luck ar.
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