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Biotech / Medical : IMNR - Immune Response -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (921)	7/12/1998 6:36:00 PM
From: Manny Gugliuzza	Respond to of 1510

Traders do not really need to have their hands held. I think more like handcuffed. that is to strict ruthless principles. those who do not follow precise design trading stochastic that can be different for each issue and must be mapped, point and figured, as you have mentioned with channels will need a lot of handholding later. but yes i do have that same channel line which should hold based on the affinity for this stock to the simple 50 day MA, lingering around 13 now, more from the downside vs up. however most other indicators are down nearly to the 1st week of june where this last move started. MACD still positive at +.1 but still downtrending Money flow is at mid Mays level OBV has given back 10 million of the 8mill from the rise i am using 14day period of change to encompass the past move up and down. Momentum at -4 is huge largest i have ever seen but that goes with the drop and makes more of a case for a bottom. short term stochastic did turn positive monday but leveling now with fridays gap down. has broken above 20% and i expect the gap to be filled and resume test to 15 level this week. then a return to test the 11-12 as a part of the lower end of the upper trading range then back to test that solid up move we made to 17. As the 50 day MA gets a chance to creep up we will find better support in the higher ranges. Unless of course one of those elephants decides to pay a visit then all mapping is gone. that is my hypothesis but is based on that long term up trend line that was held but could be tested before we fill this gap from friday. ar.

To: ahhaha who wrote (921)	7/12/1998 7:38:00 PM
From: Manny Gugliuzza	Read Replies (2) \| Respond to of 1510

Also we have to look at the fundamental side too. What are the real negatives. Besides the RH product from Immunex recently announced Remune has got to sail or we drown. The ability of the patients on the new 2x a day antiretrovrial drugs to have their immune systems bolstered without the help of Remune to the point where they can be removed from the drugs without increasing viral load. None from the case studies. Any others? take a hard look now. I think that is the majors the only other neg in the tech sector are the those that want to sell their stock after buying on the way up from 15-19 and some of those that bought on the way down that will sell in the 15-17 area keeping downward pressure. for the amount of stock that exchanged hands on the way down, nearly 50% of the outstanding not including the sales from any conversion, it could be quite a bit of pressure. investor sentiment will improve even with this drop as most of us long termers have come to except as "excess" only in light of non FDA approval as of yet and the absence of real earnings. very few negatives mucho positives. good luck with the buys down here ar.