IDPH--Positive preliminary results for pivotal trial of ID Message Board

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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: I. Luttichuys who wrote (337)	2/7/1997 6:18:00 PM
From: Roudy	of 1762

Hello Bennett, It has been quiet on the thread lately. Just not much to get excited about with the stock moving sideways and no news. I don't have the answer to your question on the earnings estimate, but I bet Brad will know. I believe he said we could expect a year end report later this month, which should read very well with their heavy cash position and milestone payments from SKB and Genetech. I have been reading Thomas J Dorsey's Point & Figure Charting book and charted out IDEC since May 1, 1996 to see if there are any interesting formations developing with IDEC. It has developed whats called a triangle formation and I would call it a bullish triangle formation. This formation statistically has a 71.4% profitablity factor, an average 30.9% gain over an averge of 5.4 months. The formation although near an end has not truly gone bullish or bearish. It will break into a bullish formation when it breaks through $25 which would also be a buy signal. It will break into a bearish formation if it breaks below $19.50. It will be interesting to see how this particular chart plays out. Have a good evening, Don.

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