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


To: 5,17,37,5,101,... who wrote (715)4/21/1999 12:21:00 PM
From: Raven McCloud  Read Replies (1) | Respond to of 2515
 
5,7,37...
That's a good point you make about IMCL following
the beat of its own drum. As you all know I've traded
IMCL many times, more on the short side "expecting"
a pull-back only to see very strong support in the $16
to $17 range.
My last play was from $19 plus on the short side
to $18.
I decided to finally go long on fewer shares yesterday and stay
long given the support in the $17 range.
Normally I take large positions. With a smaller position
I won't fret over the fluctuations and may even accumulate
a few hundred shares now and then if IMCL breaks thru $16.