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

To: LemurHouse who wrote (224)	9/11/1998 4:44:00 AM
From: Weekapaug	Read Replies (1) \| Respond to of 656

Andrew, I can't answer those questions as you would like me too. I will not be taking it at this time. Maybe way off in the future if I develop R/A. I know the community is excited, because if it does what they say it does, everyone will want it. I bought a 1000 shares last Friday for 53 3/4, which turned out to be low for day. At the same time I wrote Sept 60 calls against my stock. (wish I had waited?) but who knows? From what you said about approval being next week. I will probably lose my stock. That's ok with me! Why? In this market "buy the rumor sell the news applies in my view" IMNX has run up a lot in the last 2 years any ways IMO. After looking at a chart on it. It's resistance levels on the upside are 62 and 72 area. It did test the 62 area the other day. The news on R/A for kids, I read about it, about 1/2 week before the release? That impressed me as a trader :) I'm looking to cover some big paper losses lately and that is why I gave it a pop to begin with. A friend warned me about TBR and I should have yielded to it. Had plenty of time to make a good profit, but felt it wouldn't go this low? Arthritis people are really waiting for G D Searle to come out with one next year and the BIG one from MERCK by the middle of next year. Best Regards, Ken