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   Biotech / MedicalImmunomedics (IMMU) - moderated


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To: Rob_StCloudFL who wrote (53639)1/13/2020 10:04:13 AM
From: trickydick
   of 58923
 
Some thing is going on. If there's no new news why the big drop? Who's a part of the large sales volume? Are insiders jumping ship?

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From: Renmanco1/13/2020 10:06:05 AM
5 Recommendations   of 58923
 
Painful, but not fatal. Many biotechs that had great 4th quarter runs have seen strong profit-taking this month as short-term traders rotate into more economically sensitive areas after pushing cap. gains tax liabilities into 2021.

I own and monitor a bunch of biotechs and this is essentially a sector move and not company specific in the absence of a company-specific announced event.

This too will run its course and we'll get back in gear....not sure when but this will abate. Time for biotech investors to take a breath and come back in a week or two.

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To: trickydick who wrote (53641)1/13/2020 10:06:15 AM
From: trickydick
   of 58923
 
OVER one million shares by 10 AM????

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To: trickydick who wrote (53643)1/13/2020 10:12:03 AM
From: zevenhuizen
2 Recommendations   of 58923
 
Bought back my trading shares.As far as I can see,hear, nothing has changed.Have some faith.Relax.

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To: zevenhuizen who wrote (53644)1/13/2020 10:22:43 AM
From: Oiji
   of 58923
 
We have been burned so many times it's hard to heed that advice. Given history, I would assume something has changed and we will find out about it soon enough.

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To: Oiji who wrote (53645)1/13/2020 10:26:33 AM
From: zevenhuizen
5 Recommendations   of 58923
 
FWIW , and just my opinion , if something important had changed we would have dropped a lot more on way higher volume. But I have been wrong before and may be so again.We are also still above the $ 17.50 price point of the last offering what still is some kind of marker.

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To: Oiji who wrote (53645)1/13/2020 10:29:19 AM
From: idahoranch1
3 Recommendations   of 58923
 
While we have been burned at times, there are more times when a big downdraft without news levels out and recovers and is forgotten. A casual glance looks like a sector selloff and following index fund adjusting. We are vulnerable given the waiting position we are in. Any downdraft can be seen as unannounced bad news. Been there, done that.

Any good publication will tell their readers that biotech investors have to have stomach’s of steel. Today is simply a real life reminder of that.

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To: idahoranch1 who wrote (53647)1/13/2020 10:35:36 AM
From: urslor
   of 58923
 
a short note from company to say "no news" would be helpful if in fact there IS NO NEWS

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To: urslor who wrote (53648)1/13/2020 10:46:05 AM
From: idahoranch1
6 Recommendations   of 58923
 
While that might be short term comforting, it opens up an issue that every time in the future that there’s a downdraft in the stock, they need to say something, and if they don’t, then something MUST be bad.

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From: erippetoe1/13/2020 10:53:39 AM
   of 58923
 
Maybe they sold 300k at the open (bought at 17.50) to cover say 500k short shares for a much lower price...

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