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Biotech / Medical : Imclone systems (IMCL)

IMCL 0.159

0.0%

Oct 5 5:00 PM EST

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To: Market Tracker who wrote (601)	3/31/1999 10:13:00 PM
From: Douglas Freeman	Read Replies (2) of 2515

Just in response to what Raven said, expecting the market to be rational is asking a little much. A lot much. If this stock stirs your ire, you'll have a ball in the internet section. I took a look at @home (an internet provider); $150 mil loss on $50 mil sales, and a market cap of $14 BILLION. Excuse me while I pick up the lower half of my face. What about AOL valued at almost $10,000 per customer? I'M FOR SALE!! Granted that's the internet, but curing 13 of 15 people of cancer should be allowed a little excitement too. As per no news for 12 months, in the meantime you get more people discovering the story & accumulating. "Word spreading". An absence of sellers too; news like we just had won't exactly send people rushing for the exits. Combine that with buyers of bulk (and today had bulk), and you're facing a stiff wind. At least you're doing it with more class than most. I took about 1/3 off the table at day end, so that much less to work through. I did it mostly out of concern for the overall market though. Ride on. ID

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