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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (2184)	2/19/2001 12:44:53 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 2850

Mike: Thanks for your thoughts. Jabbering is good, I do it all the time. I lowered my order on IMNX to the 16 area. Decided not to try and trade on a bounce off 25 area. Too many supports get broken in this market. I figure @ 16 its 40x next years earnings (still 68x this year) and that is reasonable for a solid biotech for the long term. I may not get it @ that level but I'm not ready to pay 112x this year in this market. AMGN was one of the few companies where the stock appreciated as the market went down in the 91 time frame. Once the market turned the stock took off. Good luck and thanks for your comments tim