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Biotech / Medical : Biotech & Pharma.T.A,
BIB 84.89+0.5%Jan 29 4:00 PM EST

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To: Jibacoa who wrote (301)2/19/2003 3:49:03 PM
From: Jibacoa   of 3722
 
CIMA Is down 13.13% today on volume over 2.109M apparently after Deutsche Securites said that generic Soltab could reach the market in the Summer instead of the previously expected date of February next year and lowered CIMA's earnings estimate for 2003 & 2004.

The stock opened on a small down-gap and seems to have found some intra-day support around 10AM at the 17.35 level.<g>

siliconinvestor.com

The chart pattern started to deteriorate in January when the stock found resistance at the 28 level, and the down-trend started on Jan.24.<g>

siliconinvestor.com

The insiders only hold around 1% of the stock and reportedly had done some selling. However, institutions that hold more than 95% of the stock, reportedly had done some significant buying.<g> The bok is a little over $14. Will see if the stock can find good support above the 15 level.<g>

siliconinvestor.com

Bernard
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