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Biotech / Medical : IMNR - Immune Response

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To: Robert DeHaven who wrote (1002)8/2/1998 11:18:00 PM
From: Manny Gugliuzza  Read Replies (1) of 1510
 
Yes and actually a little lower if your reference is from 11 weeks prior Bob.

With the weekly close below the long term line we have now drawn back to may 97 with accumulation/distribution.

the MACD which crossed 2 1/2 weeks ago is now at the same level.

pretty much everything else is below.

please reference for short term( 9/14 day) and long at 21 day:

cbs.marketwatch.com

Although the day to day long term (use 2 year weekly on graph) is directly on the uptrend line, even though we have have declined 5 weeks in a row,
the 13 and 9 day bollinger bands are equal at a bottom of 9(a rare occurance for most stocks)
the 5 day is at 9.5 however so i expect this at the very least intra week. But then i did expect this long term weekly closing level to hold too so complete 50% retraction is at 9.87

Even OBV has retraced to below March level.

Now on this short interest, which i do not follow closely as an indicators, is it at record levels? Seems it should be with all else as negative as they are. I do know that the sudden covering has and will drive the price upward violently i am not sure what is needed to set it off. Yes company news has always been a plus and we usually do get some early in the month. Possibly a little spike reversal down will light the match. And i guess it will have to be lit under a different institutional buyer to stimulate the others to cover?

I have covered my option sales and will begin purchasing the 10's next week. So i guess financially we are back but the negatives are over done to the mid to upper 8$ level.

ar.
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