Ionis Pharmaceuticals (IONS) Message Board

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Biotech / Medical : Ionis Pharmaceuticals (IONS)

IONS 70.62

-2.9%

1:07 PM EST

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To: Paul A who wrote (2309)	10/30/1998 7:32:00 PM
From: jopawa	Read Replies (1) of 4676

Paul, It was at 9 1/8 yesterday, so there is no "magic" with trading below 9 3/8. Trading below 9 would indicate a problem in the short term, as it hasn't traded that low since the market lows of the first market dip in early Sep. The washout low was put in place, in my opinion, when it hit 7 after days of steady losses on big volume. It quickly traded above 9, and didn't go back below 9 even on Oct 8. You do seem to have some sort of ax to grind with ISIP though. The management has been very up front with investors, and have gone out of their way not to hype the stock. I'm in at 9 1/2 a couple of weeks ago, so I'm not some tired old bull puking at the site of ISIP at 9. Below I attached a link to a 3 mo chart and you can see were I'm coming from. No hard feelings, I just think placing a stop that close to your buy today doesn't make much sense. You would be better off waiting to see if it holds on Monday then buying. Certainly you're not in any immediate danger of getting left behind. quote.yahoo.com John

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