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Biotech / Medical : Imclone systems (IMCL)
IMCL 0.1590.0%Oct 5 5:00 PM EST

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To: Market Tracker who wrote (601)3/31/1999 11:44:00 PM
From: Jim Oravetz  Read Replies (1) of 2515
 
The link is broken, but try this:
quicken.com

Looks like the FBDIX fund has not had a particularily good first year investing in its area, biotech. The fund is still pretty small at only $83M. I wonder how much research they are getting on their targets. My guess is that they have as much of an idea about the company as any long term IMCL thread reader.
I was looking thru the T/FIF thread trying to find some addition backgnd. There are several posts showing FBDIX's progress.

Regarding IMCL, on the semi + side:
Message 7770833
From Post 502 of T/FIF thread

...Four executives at ImClone bought a more modest 49,603 shares between Oct. 2 to Dec. 29. Director David Kies led the way, buying 31,603 shares. Mr. Elliot was particularly impressed by the consistency of Mr. Kies's purchases. Mr. Kies exercised options to buy stock and then bought shares on the open market when the stock price fell below the options price, Mr. Elliot said. "Some might say he was wrong, but his persistency impressed us -- it shows a sign of confidence," he added.

on the semi - side:
From Post 553 of the T/FIF, (Richard Harmon is a well respected contributor to several SI threads targeted at biotechs.)
Message 7807333

Disclaimer: I do not own IMCL, but would like so soon (at lower prices of course!)
Jim
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