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Biotech / Medical : IMNR - Immune Response

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To: Robert DeHaven who wrote (975)7/24/1998 1:41:00 PM
From: Manny Gugliuzza  Read Replies (1) of 1510
 
Hi Bob, Yes although this will be the 4th weekly decline in a row, it is well past normal seen after any previous rise(2-3 weekly drops) in over the last year or longer. I just do not see the selling pressure down here only lower drifting to the uptrend line then rises.

However with penetration of this area, the long term weekly closing line, volume selling could resume. next week should be up then further selling drift could occur. the uptrending weekly closing line should be a tad higher then.

Apco looked great after the bounce off 9$ but when the identical day island formations occurred i backed off from purchase. Expecting a test of recent lows there.

good to here from you again.

ar.
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