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

To: John Zwiener who wrote (265)	3/4/1998 1:26:00 AM
From: James Perry	Respond to of 1025

As to the spike in Igen...I usually look at the market at 10-11 a.m. and then at the close when I download prices. But today I had a reason to check mail about a half hour before the close, and of course I saw that :-)Igen was around the same price it had been in the morning, and it was after I had downloaded prices that I notice the spike. Both from volume and price action, we certainly can see that there is some good sized buying going on. What I am more accustomed to seeing is a "painting of the tape" in the opposite direction - where the price rises all during the day and then settles back just before the close. I really take todays action as a pleasing sign. TBX has been good to me so far. I don't have the scientific know how to really do a good analysis, but I saw that they had more than one drug in research, and that they appeared to be significant in nature, and there was cash in the till not yet burned. And when I could find nothing which looked "bad" I picked up a bunch back when it was around 3, or thereabouts. I tend to regard Cytc as the weakest of my bios. Of course, it has a great product with thinprep, but needs to build a critical mass of users and the cost is not going to let it be a quick success. Still, I feel it is a keeper. So far it hasn't done much, pricewise. Gee, I feel like a real gunslinger with the kind of stocks I am holding when I consider my age. Am pretty dependent on Igen and Ctal to lead me to a solvent dotage! And I think they are capable and competent for the job. I think.

To: John Zwiener who wrote (265)	3/4/1998 6:38:00 PM
From: James Perry	Read Replies (3) \| Respond to of 1025

John, did you notice that same little spike again today? If you look at the one day chart at Yahoo, you will see that early this morning there was purchasing which took the price up to 22.75. It then backed off and the price slumped until 3:30, when the price was pushed right back up again. Now, this was not a last minute trade to give the tape an appearance which is unsupported by the rest of the day's trades. On the contrary, there is considerable volume which piles in. My guess is that a substantial buyer is trying to disturb the price as little as possible, sucking up any sell orders placed with the MM in the morning and then letting more orders pile up which they are taking out just before close. It is the difference between letting the price drift up and pushing it. I suspect buying by one or more funds.