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Biotech / Medical : Immunomedics (IMMU)

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To: Joe Williamson who wrote (115)3/12/1997 7:09:00 AM
From: Joseph Lapsansky   of 371
 
Well, they received another patent and the stock is down below $5. It looks like margin call time, which will shake out the little guy, and the big guy comes in to make money. The only thing that can be perceived as being wrong with this company is that they are not making money yet. The Leukoscan approval will help some, but the street says, "Show me the money." I have no idea what Lehman Brothers is doing for this company. They have been on board since early December. I truly hope that they are not paying these guys yet.

Joe Lapsansky
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