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

To: Grainne who wrote (908)	12/1/1997 12:39:00 PM
From: P.Prazeres	Respond to of 1359

IPIC went as high as 44-3/4 on the morning after they announced that redux was approved...I think it closed at 41 or so that day and went down from there. Paulo

To: Grainne who wrote (908)	12/1/1997 12:50:00 PM
From: Banjoman	Read Replies (1) \| Respond to of 1359

Tax losses are worth money (because they save you taxes by offsetting other capital gains and as much as $3000 of earned income). If it were me, I'd sell, take the loss, and then buy back in 31 days if the price is still right and I still like the story. This is a very risky stock. Despite my belief that the AHP study will likely exonerate Redux, I recognize that if I am wrong the stock could lose half its value from here (which is why Pancho is so willing to grace us with his presence).