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Biotech / Medical : IGEN International

IGEN 0.0001000

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Dec 12 9:30 AM EST

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To: John Zwiener who wrote (320)	4/14/1998 9:07:00 PM
From: James Perry	Read Replies (1) of 1025

Yes, I noticed that we appeared to have a sell off today. Volume up over 500,000 certainly should clear out the weak hands and make the next buyers have to look a bit harder for sellers. Until we get some of that news that we well know is around the corner, any resumption of strong price pressure will surely have to depend on more big buyers coming on to the scene. And when they must buy in the dark, for gains they hope to see in the future, those buyers will certainly underbid their expectations. So how much more gain there will be is speculative (before hard news makes earnings pretty tangible), but I think we have some more zoom left. For sure, I haven't parted with a single share!! And yes, I noted the suggestion that the system would test such stuff as metals, junk and dirt as well as the more esoteric bits that it has been used for to date. But early on, we said it would test anything!

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