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To: stormrider1 who wrote (44)3/15/2000 12:02:00 AM
From: JEB  Respond to of 344
 
Hard call Mike.

PRU stepped up to be the dominant "Playa" on IMCL. If they want it, this is where they will have to prove themselves. It has to hold 100 (strong support) or PRU will be ignored as a dominant MM on this or any biotech in the future. Also, their customers could lose faith.

I agree that the chart tends to show more negativity in the morning tomorrow and normally this would mean further selling but this scenario is different and let's see if IMCL holds tomorrow because PRU should be buying (btw- if PRU is smart they should be buying in the pre-market).

One bright note: There should be enough shorts lined up on this stock that if PRU can do it, they should start to cover creating their own rally in the process. An overnight gap would help create this scenario.

One thing PRU has in their favor is that no one expects them to pull it off. We shall see.

;-)
JEB



To: stormrider1 who wrote (44)3/17/2000 8:31:00 AM
From: JEB  Respond to of 344
 
PPCO upgraded to 'Buy' from Bank of America.