IMNR - Immune Response Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : IMNR - Immune Response

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jake burns who wrote (834)	7/19/1998 1:02:00 PM
From: John S. Baker	of 1510

> I'm hopeful of institutional buying this week and next. It took roughly a week to 2 weeks for funds to come in off the agouron deal. So it could take an equal (if not more) amount of time to come in off the geneva data, given the complexity. < One indication of institutional buying is the MFI, so your comment prompted me to call up a quickie MFI chart for IMNR ... very interesting. (I use bigcharts.com and select Volume-Price for the upper indicator and Money Flow for the lower indicator. Default time period is one year, but one can select different time frames to examine.) First thing that caught my eye was that the MFI peaked on June 24th ... the day before the recent high was established. Then over the next two days, MFI dropped by almost 50%, suggesting a real bailout by buyers/sellers of larger blocks ... before any real news from Geneva. In retrospect, June 25 or 26th would have been a great time to sell <wry grin>. The second interesting point is that the MFI has held steady since Thursday's (16th) high, suggesting that Friday's drop was primarily retail-oriented. <Subject to all the usual caveats like TA doesn't work and your mileage may vary.>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next