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


To: Steve Warkentin who wrote (466)3/17/1999 7:03:00 PM
From: JEB  Read Replies (1) | Respond to of 2515
 
I see support at 14 9/16 (Ascending), 14 strong horizontal, 12 is the next strong horizontal support, or 10 and 9 are the magic numbers (Whole lot of buying went on there) and rock solid (IMO):

bigcharts.com



To: Steve Warkentin who wrote (466)3/18/1999 9:51:00 AM
From: 5,17,37,5,101,...  Read Replies (2) | Respond to of 2515
 
Licked my finger and checked the prevailing wind direction. Don't use TA at all with IMCL which is a classic fear/greed stock because of the potential for massive success and for utter failure. Stock usually advances on high volume and drifts lower on less volume. See less volume today. Worrisome that the advance to $15 took place with so many mills of shares and publicity. MMs have good track record here of taking the stock up as far as it will go then down as far as it will go => no nice higher highs and lower lows or viceversa. Stock acts almost like a commodity, and we know what happens in commodity pits esp pork bellies.

Fred: I don't mean to throw anyone off or waste message board space with the trades and will stop unless anyone asks (hopping down from horse now), but really my posts are most sincere esp compared to BUY/SELL recommendations of brokerage firms, many of which are guilty of knowing leaked information before the recomm and trading for a quick profit.

Jackson