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

To: JF2155 who wrote (478)	3/18/1999 4:08:00 PM
From: Raven McCloud	Read Replies (2) \| Respond to of 2515

considering the nice movement down to 14 today I shorted more when it went back to 14 5/8. I'd wait to see where she settles before adding more on a long position unless you're doing it in some increments. If tomorrow another down day then the trend is definitely down. On the technical side, IMCL is overbought and i don't expect anymore great news to prop the price back up. Then again, who knows!

To: JF2155 who wrote (478)	3/18/1999 10:44:00 PM
From: 5,17,37,5,101,...	Respond to of 2515

Jim, I missed it at $14 today, maybe tomorrow. As for volume, it's high now compared to other bios but vol increases dramatically with interest generated by news events and publicity and decreases during the long news lulls. IMCL as recently as a few weeks ago has seen 50,000+/- share days. Institutions hold 30%+/- of float and probably look to bail when the volume's high, esp with no real news like now, only publicity. Regarding long news lulls, I think there won't really be any substantial news lulls for IMCL for a while because they have so many irons in the fire. Probably why DRW issued a buy. It may look like it's come a long way fast but it really hasn't; it's barely broken its 52wk high. I'll pound the table again; it's simple: IMCL is worth $24.00, easy and that's where we're headed. Jackson