IPIC Message Board - Msg: 4135278

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Biotech / Medical : IPIC

IPIC 0.0001000

0.0%

Aug 15 3:35 PM EST

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To: Vendit™ who wrote (1182)	4/20/1998 7:41:00 PM
From: judge	Read Replies (1) of 1359

This type of reaction is normal. First of all, this stock crept its way up to 14 on speculation. There wasn't any news to justify these levels. The stock previously had a good base around 10. So people who jumped in at 10 took their profits on the bad news, and started a chain reaction of sell orders. To sum it up, the drop in price was due to the stock being overvalued combined with bad news coming through the pipeline. I wouldn't be suprised to see ipic trading at 10 in the next couple weeks. I have no monetary interest in this stock but have been following it for a year. This one is a little to risky for me. Another interesting biotech or former biotech is Agourn Pharm. The company went from a r&d comp to a manufacturing and marketing company for its aids suppression drug.. AGPh. They actually had earnings this past qtr.. gReat comp imo.. best returns j

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