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Biotech / Medical : IMNR - Immune Response

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To: Manny Gugliuzza who wrote (419)5/29/1998 9:42:00 PM
From: Robert DeHaven   of 1510
 
I have to confess that once I saw the MACD turn down and continue that way I had to lighten up and sell some stock at 12 3/4 on the way down......I notice the MACD has now leveled off...I also hear from my fellow street urchins the company has become somwhat eerily silent and there is speculation afoot that "big news" is to be announced....

What I won't speculate....when I won't speculate....

I bought stock at 11...at 11/14 and 11 7/16 today....

I believe the stock will recover to @ 12 1/2 without news ...with news well did anyone see ICOS, ENMD and others recently...IMNR is just one news release away from this type of move ....also, the urchins are speculating alot about the aids vaccine priority expressed by the government and the possibility of IMNR's involvement. (See company's past PR releases)

I beleive the worst is over as far as down trending price... now looks to trade 11-13....

Also, techs willl continue to underperform and drugs out perform given the current SEA problems...

good luck,

bob
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