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

To: Robert Knight who wrote (943)	7/15/1998 3:48:00 PM
From: Robert Knight	Respond to of 1510

For the first time in weeks.....LEHM now high bid @ 12 as we go into the close. Good volume and buying today..... Robert

To: Robert Knight who wrote (943)	7/15/1998 3:49:00 PM
From: Max Thompson	Respond to of 1510

Thread, FWIW, IMNR is the Individual Investor Stock of the Day. Some interesting quotes from Gruntal. iionline.com

To: Robert Knight who wrote (943)	7/15/1998 7:38:00 PM
From: AHM	Read Replies (1) \| Respond to of 1510

I believe this is the pertinent paragraph you wanted to draw to my attention: QUOTE: Wednesday July 15, 12:47 pm Eastern Time Company Press Release Investors Fight Back Against Fraud and Corruption in the Brokerage Industry Securities Resolution Advisors, Inc. by Daryn P. Fleming, editor, Wall Street West Newswire DENVER--(BUSINESS WIRE)--July 15, 1998--It is known as the stock that the brokerage community hates. The company is called Securities Resolution Advisors, Inc. (OTC: BB: SRAD). The mission of this Port Washington, New York-based publicly traded company is to help investors who have been victimized by fraudulent and corrupt practices of brokers and broker dealers, such as unauthorized trading, churning, pushing unsuitable investments, stock manipulation, misrepresentation of financials, etc. The company has been busy, as it currently has over $45 million in pending cases. Securities Resolution Advisors has been featured in such publications as the New York Post, Profit Magazine, Business Plus, Business in Broward, The Bradenton Herald, The Wayne Independent and many others. The Company is likely to make plenty of press in the near future, as last year there was a reported $6,000,000,000 (six billion dollars) in losses blamed on investment swindlers. Fraud and corruption among broker dealers has been a serious problem, with many high profile firms in the ''hotseat:'' Morgan Stanley and Dean Witter (NYSE: MWD - news), (AMEX: APP - news), (AMEX: MPQ - news), (NYSE:BGS - news), Bear Stearns (NYSE: BSC - news) and others. ENQ QUOTE On this and other boards the complaint is always that the market makers are manipulating stocks. If you research the complaints against the firms cited (and that takes some effort) the manipulations charged are the result of collusive activities. As somebody else posted a week or two ago, typically traders gain nothing but grief (and perhaps prison terms) when caught - and they frequently are. But to take such risks dealing in a low volume stock such as IMNR would be stupid. Trading patterns that disclose collusion would quickly appear in the regulators' computer screens; and market maker traders who live on their screens know this better than anybody else. Stock analysts prefer not to write adverse reports since this does not endear their firms to companies whose future financial activities they want to handle. Moreover, analysts must justify their opinions and declare if they have a position in the shares of the companies they report on. There have been postings on this board that incorrectly declare that analysts such as Sturza are part of the manipulative process. Not true. They may be wrong when they downplay a stock, but if they are wrong too often they become unemployed. Many investors and institutions take great reliance on what they have to say, and if their recommendations are wrong, huge sums of money are lost. The article you suggested I read does not detail the kind of market manipulation that is being investigated: instead it includes stock manipulation in a laundry list of wrong doings. QUOTE: ... unauthorized trading, churning, pushing unsuitable investments, stock manipulation, misrepresentation of financials, etc. END QUOTE I'll make no further comment on this subject. I blame nobody but myself for my trading mistakes. I notice that you haven't aimed complaints concerning market maker manipulation at today's gain in price. If you were short, I suppose you would have charged market makers with manipulation simply because the market failed to perform as you needed it to perform in view of a short position. I expect all this falls onto deaf ears. But I feel it appropriate to debate the issue of market maker manipulation of IMNR (or any other stock) which many others on this board may accept from one-sided and unreffuted postings in the absence of a differing point of view. Lehman was not "content" to sell at 11/7/8. Their desk was trading according to market conditions of supply and demand and their customers' tickets. They, like most market makers, probably traded for 1/16 per share.