I don't quite understand something. I know I came to this late. I started buying at 5 3/8, and my last was at 10, but I really think this stock has a long way to go. I'm thinking of dumping my Intel, Compaq, and Lucent tomorrow to double my position. My interpretation of the release today was that IPM is now quite confident that 17,000,000 cash will not be a problem and that Phoenix (Mr. Runyon) prefers 1 million shares to the 10,000,000 cash that he doesn't need for working or diversification capital. Having Dr. Shaw join IPMC leads me to believe that next weeks report will be potentially staggering. My broker (formerly an institutional broker) checked and tells me that 1) it is under accumulation, and 2) institutional trading firms have just begun sending notice to their fund managers about this stock. Why does everyone on this thread seem to be giving up their shares? Am I missing something? OTOH, if it's protecting profits, I understand, but with recent moves, I have a hard time thinking that this will drop below 10.
Opinions? Anyone want to convince me not to buy more?
Thanks,
Mike |
