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Biotech / Medical : Immunomedics (IMMU)
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To: jluker who wrote (118)3/12/1997 4:15:00 PM
From: David B. Higgs   of 371
 
I brought this issue about 10 days ago at 5 1/2 based on a glowing recommedation from a broker (who has been on a long losing streak with my account - some of us are slow to learn).

As of a few minutes ago, IMMU was trading at 4 1/8 and was down in the $3 range at some point today. To me this represents a 25% loss of value in a week and a half on no bad news.

One should expect a roller coaster ride on $5 stocks, but is this normal for this company? Is there some underlying reason for the drop that is not reportable on the news wires?

Thanks for comments.

Dave
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