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: John R. Sashko who wrote (448)	3/8/1997 9:42:00 PM
From: I. Luttichuys	of 1762

John, I got a little spooked about techs about 3 weeks ago and ditched everything except LU and Data Race. I have gotten heavily into Biotech and a couple of miscellaneous numbers like SJP (which is doing quite well... see "net setting" thread for further info on this and some other interesting plays). The tech sector has done me very well over the last couple of years but I feel some other sectors have been neglected and, in the market, I seem to have done well by going where the action isn't! I feel like the market feels that some techs (networking) have gotten away from themselves for the moment. No question some of these are good long term and I will go back to them but, if I'm right about my feeling that biotech will rally here and tech will languish a bit, I feel I can make something out of this move. After your due diligence you may decide IDEC is a good place to park some cash. You may also decide that, over the long term, it may be one to hold. You may want to also consider Greyhound Lines (believe it or not) if it goes below 4. The closer to three the better. I believe we will see 8 this year. A look at the chart will show you that at 3 there is very limited downside here and will also show you that BUS oscillates lately between 3 and 5. I have made a lot setting "good until cancelleds" on this one. Earnings will be up over 400% this year with BUS in the black for the first time in a while so I don't think it will go all the way to 3 on the current slide but we may dip under 4. A good til cancelled is the way to go because it recovers VERY quickly from 3. I currently have one set at 3 3/4... a little higher because of the earnings facts. BUS has tested 5 repeatedly and with the 400%+ earnings coming, I believe this time we will break that. Seems like a dull play I know but, its about as close as I feel like I can get to a sure thing. The safety is nice and the returns are surprising. My returns doing this over the last 12 months exceeded 100%. BENNETT

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