IMNR - Immune Response Message Board

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Biotech / Medical : IMNR - Immune Response

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To: MJ who wrote (965)	7/22/1998 9:06:00 PM
From: John S. Baker	Read Replies (2) of 1510

I agree that the technicals look pretty grim -- no solace anywhere that I could find. And looking at support over both the past 12 months and the past 3 months, it appears that we are already below the primary support. This I derived from a Volume to price plot, ie how many shares have changed hands at what price over the time period in question. www.bigcharts.com will plot these automatically if you want to look at them. I fear that we are in the dreaded "hide and watch" period which bedevils so many biotech stocks. Sometimes these can last until the next bit of news ... and in the case of IMNR, that may be February? In the feel of today's market ... and this is just a subjective feeling ... February is like forever. That is why, IMHO, one should not be a trader in biotechs; only an investor. Personally I have IMNR in that portion of my overall portfolio which is set aside for "long term sure things" <sure!> and I plan to try to sense the bottom and buy some more there. Looks to me as if the stochastics chart has confirmed tops and bottom pretty well in the past and I plan to watch them closely. But as for tomorrow, I am not sanguine <pun intended>. JSb.

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