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Biotech / Medical : IMNR - Immune Response
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To: Captain Jack who wrote (1288)3/6/1999 2:19:00 AM
From: jake burns  Read Replies (1) of 1510
 
Another PROBABLE reason for the stock's weakness is margin selling. As we know, selling breeds selling....and those who bought at higher levels are sure to be affected by the stock's drop from 10+ to 8 dollars. Since the volume has been rather low of late, there are no buyers for forced sellers to transfer their stock.

Interesting that in the past we've seen the share price ascend into the release of news, then fall.....Perhaps this time, the players who used to take advantage of these news events and bought the stock prior to the release got burned one too many times and are hesitant.....That's probably healthier for the stock.
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