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Biotech / Medical : Ionis Pharmaceuticals (IONS)
IONS 77.25-2.1%3:59 PM EST

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To: Scott H. Davis who wrote (2141)7/23/1998 10:21:00 AM
From: jopawa  Read Replies (1) of 4676
 
Scott,

The only good thing is that if the market corrects significantly, we will have a chance to get ISIP at lower prices with more uncertanty removed from the equation. Unfortunately, we now have a lot of stock in the wrong hands. They will be looking to get out at 15-16 if the stock flounders here. The same thing happened last huge volume day when they announced that Fomivirisen was safe and effective earlier this year. That day put a lid on the stock around 16 which has lasted since. I guess we will see.

John
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