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Biotech / Medical : Lorus Therapeutics Inc.

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To: Carter Berezay who wrote (179)6/14/1998 11:50:00 AM
From: nina  Read Replies (2) of 279
 
Hello Carter

I guess there is nothing to say really except for deep disappoinment with the market's reaction to the last two announcements.I do agree with George that right now the biotech sector in Canada has been relegated to the bottom of the heap in this new strategy of sector rotation the the brokerages seem to be implementing.
Really the only way I see this stock moving is if Imutec is prepared to do some major promotional work with various brokerage houses.I can only hope that they give this serious consideration before any further announcements are released.
I bought this stock at a much higher level and am reluctant to average down at this stage. Cash is at a premium right now given market conditions and I don't want to tie it up for another six months or whatever period of time its going to be before some solid news is released.So IMT has gone back to my watchlist.
If the IR officer from IMT is still perusing mail here it would be nice to hear from him and get a discussion going in terms of exactly what the implications were of last releases.
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