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Biotech / Medical : Imclone systems (IMCL) -- Ignore unavailable to you. Want to Upgrade?

To: JEB who wrote (290)	2/16/1999 11:39:00 PM
From: 5,17,37,5,101,...	Read Replies (2) \| Respond to of 2515

I see little covariance between IMCL and the market. Of course, in a crash, barring wonderful news, IMCL will drop like the market. However, my own opinion is that investors are waiting. 1) All IMCL news is out; therefore, everyone that wants in is already in. 2) Therefore, no new buyers to shift price equilibrium from the present $9.00 to $11.00 range. (Traders have the market right now.) 3) So, look for a little weakness, if any, here for the next week followed by a sustained rise on the news. ("Sustained is the key word!) Jackson