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Biotech / Medical : Biotech & Pharma.T.A,
BIB 79.780.0%Dec 31 4:00 PM EST

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To: zeta1961 who wrote (1430)9/22/2005 1:59:41 PM
From: Jibacoa   of 3722
 
DCGN Is down for 4th day on a roll and it seems it may test the June 24 L of 7.55

The intraday L at 9.45AM today was 7.83 and the nearest support is now at 8.09 with resistance at 8.37 (Trading at 8.24 at present.)

bigcharts.marketwatch.com

The 2ndQ revenues were 19% better and the loss for the Q of $0.25/shr was unchanged from last year. The EL for 2005 is around $1.20/shr vs. $1.07/shr last year and $1.30/shr loss estimated for 2006.

On June 27 they reported some positive results for DG041 in PAOD and said that they identified the EP3 receptor as a drug target through its population genetics research.

As you know, they also have been working on products for asthma, for heart attack (DG031)and for obesity and type2 D.M.

They have a large D/E ratio of 7.2 and the insiders did some selling last month.

From a longer term perspective, the major resistance is around 10.20 before it can retest the August 16 H at 10.67 The February 2004 H was 13.80 and the July 2000 H was 31.50

bigcharts.marketwatch.com

Bernard

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