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ImmunoGen, Inc. Message Board

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  • sy3dney sy3dney Dec 21, 2005 12:41 PM Flag

    Building a Foundation for Lift Off

    Yeah - we're right back to where RBC first initiated coverage at outperform with a target of $8 back on May 2. At that time the stock was at $5.16.

    We're also well below the 9/1 reiteration of "BUY" by JMS and First Albany with targets of $9 and $10 respectively. The stock as $6.52 at the time after SNY renewed their contract for an additional $18.2M for another year.

    Position building at these levels for the next couple of weeks would also seem to be in order, IMO.

    Sy3dney

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    • Not to burst the perennial bubble since I am very long this stock, but we need some volume on the upside boys and girls and it may not come until early to Mid January.


      Barring a nice news announcement.

      Like one from MLNM. I doubt that will happen however. Then again, I would love to be wrong.

    • seems kind of funny to me...sure, if you're trading on news, trading enough at a time, imgn may be a play...

      but for the 90% of us that are waiting for the tap to become the panacea, a new paridigm, in cancer therapy, it really doesn't matter if you buy at 7 or 4...to play around with pennies is a waste of time...

      if you buy a 1000 shares at 7, that's $7000...1000 shares at 4, is $4000....

      if everything good happens for immunogen, as we are anticipating or we wouldn't be here, that 1000 shares will be worth $40,000 on the first real jump...

      now what big difference does it make if you invested 4 or 7 thousand dollars in those shares?...it's only 3 thousand in a very large pot...

      you'll be spending that much on cab fare in vegas...

      to try to find a point to 'load up' between say 4.90 and 5.20...well, like i say...it just doesn't make sense...

      and on another point...for you chartists...you do recall that we have been telling you the price goes up on news and fades back down between news events...

      please stop telling people on this board that you can predict news events...the price won't go up again until somebody says something good...then, how far depends on how good...

      regards...

 
IMGN
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