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Biotech / Medical : Ionis Pharmaceuticals (IONS)
IONS 73.29+2.5%Nov 17 3:59 PM EST

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To: John who wrote (2423)1/6/1999 12:13:00 AM
From: synchro  Read Replies (1) of 4676
 
I am reminded of Immunex a couple years back. If memory serves me, I remember the stock was at $12 a share and American Home Products offered to buy them out at $15. At that time I was actually pretty happy to take the offer, but thank goodness Immunex management has the good sense and judgement to reject the offer. At that time if you tell me IMNX will be at $125, I would have told you you are inhaling something. Well, lo and behold....

So now again I have a small position in Isis. The lesson I get from my previous experience is that there will be plenty of opportunity to buy Isis on the way up if this company is going to amount to something in the future. There will be plenty of institutional buying power as Isis _earns_ (not hype) its credibility with real results. They now have a niche drug just approved, let's see if their antisense technology can follow up with something else.

The current updraft appears to be a general revaluation of the biotech sector, not anything specific to Isis. So just as the updraft is sudden, so can be the downdraft. Just my 2c
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