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Biotech / Medical : Immunex
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To: LemurHouse who wrote (226)9/13/1998 10:16:00 PM
From: Weekapaug   of 656
 
Andrew,

I'm have my own doubts whether I will or will not be called away? Everytime it hits the 62 area it falls back. The new drug that just finished clinical trials I questions the trials. Why? 194 people? It like a number pulled out of the sky to me. Are they saying they started with 500 and wound up with 194? 30 percent reponse rate to the remaining 194?

Also, I have learned there is a big question mark as to whether FDA will approve Enbrel this week and that bows well for my options to expire worthless. It was a wild ride on friday anyways.

My greatest reason for writting was I thought the 48 area appeared to be a strong support level for IMNX. I never realized I had the Sept 3rd press release almost a week in advance. Could of bought for 48 area then.

Personally, I don't think IMNX will breakout until it exceeds the 72 level.

Quite honestly, I'll take the 10 grand and watch if it is called. IMO opinion this a market to "buy the rumor sell the news" I am protected to 64 area anyways, since they paid me a ridiculious amount for my options.

Even if I win. I will write again, since they are paying huge premiums for options.

off subject- a little company with the symbol TRBO is worth watching. They are affliated with Maytag and have a new ceo from MIT running company. I'm watching it very closely and plan to visit a store with one of there machines installed to see how it works. I have never seen a company run by a MIT grad not be a sucess yet?
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