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

To: Bob Swift who wrote (152)	11/24/1997 9:31:00 PM
From: TideGlider	Read Replies (1) \| Respond to of 656

Bob: It is still the knife. At least I believe it may be. This is the move where they all feel they can buy calls and rise to the top. They are very expensive...look. The large holders are selling into the small rally's and people are still finding "bargains". Unfortunately it may continue to slide. Bit by bit. Small rises and then more slides. I would be very careful. Many of the holders are beginning to remember that this stock has collapsed in the past. It also is a speculative stock with no real earnings to date. CNTO has decent earning and flew down. Piece buy piece. Now sits at forty. The 45 calls were very expensive...now they are not. Same will affect IMNX. The puts will soon be greater in cost. Then it will start to turn. That may be a month or to and this stock could fall to the low twenties or less. Bruce PS: I wish the holders no anxiety, but I am obligated by my nature to express what I have seen. I didn't drop this stock. I merely told you it would drop. It was a very strong impression. I did not buy puts as I recommended. I seldom do. I like to bet on the positive side and not against the best wishes of others. I have been on that side. Here and in other stocks.