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Biotech / Medical : Insite Vision Inc. -- Ignore unavailable to you. Want to Upgrade?


To: bob zagorin who wrote (955)7/15/1999 1:00:00 PM
From: bob zagorin  Read Replies (1) | Respond to of 1060
 
if you're wondering what sparked the selloff today, murphy (CTSL) trimmed his biotech pf to get off margin because he thinks the general market will fall apart soon (he predicted this last night before today's good CPI numbers - sorry mike). anyway, ISV was one of about 8 stocks he trimmed. i think this spooked a lot more selling.

but murphy has been a great contrary indicator for some time. i'm added some more just a few minutes ago at $2. i betting the $2 level will hold and the stock will bounce back on improving fundamentals once murphy and his flock have exited.