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: Brad C. Dunlap who wrote (421)	3/3/1997 11:31:00 PM
From: Webhead	of 1762

To clarify my earlier post; I don't think that the price dropped due to any defect of IDEC or BIG selling, instead I think that it was talked down by MMs and a lot of small (but still much bigger than me!) investers took their profits causing the price to slip. Once the price slipped enough and shares were accumulated a HUGE buy went through (70,000 shares with only a 1/8 bump in price?!), the price stabilized soon thereafter and started creeping back up again. I think that the MMs had this large buy order on their books but couldn't execute untill a price of 24 1/8. Actually, in a contrarian sort of way, I think that it is really a bullish sign that the big boys just went out and bought ~1.7 million dollars of IDEC stock. I suppose that this could also be some sort of stock swap but I haven't a clue as to how to find out, at least untill the new stocksmart listings come out. Ed

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