Well, I'm the fool, this Remune data was released yesterday...apparently nothing today, and an oral presentation in a late-breaker session is scheduled for tomorrow.
Mrs Wong reiterates again her 12 month price target of $65-$70. If she would wake up, smell the coffee, and offer a reasonable 12-month price target, someone might listen. She obviously has no impact any longer...if she ever did. I have to laugh when I read her reports, as I wonder if her price target is as of this report, the last report, any report from last year, or reports from '96. Guess we need to wait for Doug Lind...or worse Crossen.
If this d**n stock breaks 28, watch for a new 52-week low around 25-26. Maybe earnings anticipation will help put things in check, but estimated dates have them reporting the end of July, so it may be on its own for a couple weeks yet.
I'll post the short document I have from Paine Webber in a while.
sf
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