IDPH--Positive preliminary results for pivotal trial of ID Message Board

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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: Kushi Kullar who wrote (1576)	6/5/1998 7:40:00 PM
From: Roudy	Read Replies (1) of 1762

The technical indicators have been saying that it was coming. As I have stated before there is no fundamental reasons that I have been able to find for this drop. The analyst at Merril Lynch did lower his revenue numbers today, but remains very bullish on the stock. His revenue numbers have always been the highest and above company projections as well. Today he put them in line with the street and company expectations. There has been some good discussion on this over at the Yahoo message board if you haven't been there. I believe with the former institutions that sold out and poor technicals it precipitated a further decline. If it doesn't bounce back quickly on the open Monday, could make for some bargain buys.

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