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Biotech / Medical : MGI Pharma MOGN New patents, anti cancer
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To: scaram(o)uche who wrote (148)9/10/1997 1:27:00 PM
From: seminole   of 1826
 
Rick

I expect major resistance at $5/sh which was the price
of the last stock offering. In addition, 6 1/8-6 3/8
should also provide significant resistance. When I
first started buying this stock it seemed to have a
trading range between $4 1/2 and $6 per share. I don't
chart but these are the numbers I remember. Its my
opinion that in low priced, small stocks people don't hold
on to get even as much as with the stable, large cap companies
so resistance is less of a problem.

When we get a cure you won't even get to say hello to $7-8/sh.

richard
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