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Biotech / Medical : BIOTECH & TECHNOLOGY INVESTING *UNDERVALUED*{T/A F/A & V}
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To: tuck who wrote (90)2/26/1999 4:41:00 PM
From: BRAVEHEART  Read Replies (1) of 423
 
Hi Tuck,

I have been intrigued by IMGN for 18 months or so. I have bought it several times at it's technical lows of $1 and proceeded to sell at highs of 2.5+. Right now the stock is experiencing Media Hype. Not a time when I like to buy. Unless I'm in before the hype. Todays WSJ stuff will result in my taking a back seat for a spell.

I look for technically undervalued ( IMGN is not in my mind per sae ) & Fundamentally Undervalued stocks ( Again IMGN on a risk basis is fairly valued at this time IMHO ). I will need to see longer support over this range to think otherwise.

Sure one can play it's ranges. Now it appears to be in a range between $2.25 and $3.50. Certainly the potential is there. R. Harmon has a much greater understanding of matters from a scientific perspective. I don't think he is convinced just yet.

Again I am intrigued by apoptosis. I hope it works out for IMGN and LXR. However this science is rather novel and unproven. Hence my risk aversion keeps me from making either a long Hold. While both have considerable potential if successful. In my mind LXR while more risky ( they need animal results yet & corporate confirmation ) is a much better play. Again the risks at LXR are rather High in May/June.

BEST WISHES
Jeffrey
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