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Biotech / Medical : Immunex -- Ignore unavailable to you. Want to Upgrade?


To: brian marks who wrote (128)11/17/1997 9:45:00 PM
From: Bret Masterson  Read Replies (2) | Respond to of 656
 
Brian,

Outright SELL recommendations aren't common, and do tend to indicate a rather strong opinion on the part of the analyst. In the case of IMNX, either the analyst has missed the boat, or perhaps we have. The most immediate telling sign will be the strength of the response from the analysts who have been bullish on IMNX as well as the company itself. If they come out with strong re-affirmations of thier buys along with some statements which directly refute Montgomery analyst, we might be alright. Otherwise, the SELL is sure to produce some selling pressure.

Regards, Bret