I had just turned on CNBC and heard Joe speak about possible good news for ISIP. I monitored the stock trades and when I saw the volume start to increase I bought 10 Feb 15 call contracts at 1/4. Can you beleive this.
>>>Oh what to do!<<<
If the longs don't bail the shorts will have to cover. The high for the last 6 months was 18 5/8 and it didn't stay above 18
for long. With the news and the CNBC effect they will be tripping all over themselves to try and save what profit they have or
cut their loses, depending where they got in. They'll also think twice about reshorting. With all the volume today people will
be looking at the news story and making the decision to buy. The first antisense drug to make it through FDA phase 3 trials has
promise. We could stay above 16-17 if all goes well tomorrow. Check out RFMI. They were on CNBC on 6/19/97 and never looked back
(well for 5 months anyway). Count me as a long term long.
Professionals had to be buying ISIP.
Is there any word on a suitor?
With all the consolidation in the drug stocks
it could be a possibility. I certainly don't have any facts
but you never know. Why would'nt a larger
company want to get their hands on this new
drug delivery method (antisense) and ISIP's
pipeline. Novartis, Merck or Bohreinger are all possible;
ISIP could use the deep pockets to accelerate its research.
I would hate to sell these guys on a quick run up and be kicking
myself in the paints for bailing too soon. Oh what to do!
I also bought another 500 shares near today's low. This happens to me all the time and my pet theory is that when some of the big guys want to accumulate, first they sell short to take out all the stop losses of those who can't follow intraday trading. This also scares some people into believing bad news is coming so they get out early. Me, I see a buying opportunity I can't pass up and today is yet another example. When I saw stock down 1/2 point I had to buy.
Worth called ISIP the next microsoft in an article in the
summer of 1996. I've owned ISIP through thick and
thin and for some reason bought 500 more shares yesterday.
Has my ship finally come in?
This is too cool.
Good luck ISIP holders.