Wednesday, October 11, 2006

Changes Changes Changes at Imclone

So, Imclone announced the resignation of its Chairman Kies and board member William W.
A company regulatory filing said their decisions weren't the result of any disagreements with ImClone over operations, policies or practices.

Yeah right!

The market thinks otherwise, and its betting that Imclone will be sold for a price far higher than the $35 or 36 that Kies agreed to sell out for. Well, when you play with fire, there is a good chance you'll get burnt. And if Mr. Icahn isn't fire, what would he be?

And Fire is nature's way of implementing a long overdue change.