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Biotech / Medical : Ionis Pharmaceuticals (IONS) -- Ignore unavailable to you. Want to Upgrade?

To: Greg Rich who wrote (2714)	10/11/1999 1:04:00 AM
From: tuck	Read Replies (3) \| Respond to of 4676

Greg, Some general thoughts that might guide your decison making on the short term play. You have to decide whether or not favorable PIII results are priced into the stock yet. My personal take is that it is not. The stock will rise steadily on anticipation/leaks of good results, but could sell off on the news. Friday's action, almost all retail, suggested that institutions are holding for the news, and individuals are still getting on board. Given the jump on normalish volume, imagine a big volume news driven jump. I see a few more points up before down. Are you out of IMCL? It looks like it will continue to bounce back into the thirties. Nevertheless, you made a good -- if rather lucky -- call on IMCL's top. Good shooting. A few times this year I've been in the right security at the right time, just before freakish news broke. Perhaps, my system finds stocks waiting for a spark. And perhaps yours does, too. Anyhow, the above is my short term guess, ceteris parabis (other things being equal). Problem is, ceteris are never parabis. I also think the market could have some more downside this year. It could dampen ISIP's performance some. Thus I'm mostly in cash, been trading puts, and dribbling money into bargains, knowing they might soon become better bargains ;~} Cheers, Tuck (now long at 11 7/16)