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Biotech / Medical : IMMULOGIC

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To: Rudy Saucillo who wrote (68)	12/4/1996 9:43:00 PM
From: Michael Collins	of 305

Rudy, Could you tell what the trading hours are for our IMUL options. I looked today and there were not any bid or ask prices on this quote server. Maybe it was just messed up! Anyways your help would be appreciated! Also, up almost 50% on the May 10 calls! I hope you are near the same as well. The bid on the calls closed today at 1 7/16 if I recall correctly. What type of effect do you possibly foresee an FDA announcement that IMUL will have to redo the "Cat" trial will have on the stock? I am considering temporarily selling my options if the bid should hit $2 before any type of announcement, though there's far from any guarantee it will reach that! The momentum lately is very encouraging though! Any guess as to how far the stock would have to go up before the options hit $2? Anyways if we should be so lucky to hit $2 and I sell, after the announcement (if a re-trial is necessary), I would think the options could be had for at least $1.50. I have been burned before by not taking profits, that is why I am considering this strategy. Thanks for your help and suggestions! Best of luck to us and other IMUL investors! Sincerely, Michael Collins

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