IMNR - Immune Response Message Board

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Biotech / Medical : IMNR - Immune Response

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To: John S. Baker who wrote (395)	5/10/1998 12:30:00 PM
From: Manny Gugliuzza	of 1510

yes. i believe this is what has happened and it seems to be at 13.25. good to see it close above 13 best weekly close in 2 years. very bullish. also focus on potential earnings .50 cents estimates still but with a little higher multiple tolerated for this industry now at 30.5 = 15.25 to test. this is the upper end of the early cup formation exactly 2 years ago on the monthly chart. when approval comes the real estimates will start to flow although we do have some ideas for these now with earlier post from EM. hope to get filled on those june 15 calls early next week. had to expect this short term weakness after this runup to recharge over the 15 mark. and i agree it would look very foolish of the company not to go to the annual meeting with out major corporate sponsor they have been tooting for their eventual production. instutional buying is just starting to report for the this past quarter. will update as they come in. good luck here. this can be just as tough going as it was back at 9$. feels a little better on this end eh? ar.

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