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Biotech / Medical : Immucor
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To: Thomas Kirwin who wrote (190)9/10/1998 8:17:00 AM
From: Mason Barge  Read Replies (2) of 422
 
I think the recent market action shows that the company is buying all the shares it can get at $9. I snuck a peek at the balance sheet and the amount of cash they are holding is awfully high, so this makes good sense.

(It also shows that Gallup is smarter than I am, since I was buying at $10 only recently.)

Anyway, if this is a correct read, we should be able to count on considerable support at the $9 level for the next few months.
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