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Biotech / Medical : Biotech & Pharma.T.A,

BIB 80.83

0.0%

Jan 16 4:00 PM EST

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To: Jibacoa who wrote (243)	1/27/2003 11:12:11 PM
From: Jibacoa	of 3722

GNSC Was up 2.14% today on volume of 168,800 (about 2.8x its daily average) in spite of the negative influence of the General Market,<g> Since December GNSC has announced license deals and other agreements with JNJ, PHA, MLNM and more recently with Bayer. Insiders hold more than 35% of the shares and the institutions that hold more than 45% of the float reportedly have done significant buying lately. (Insiders also did some buying on the open market last Summer.)The float is less than 15 M. For the 9 Months ended Sept.30, revenues increased about 75% to $5.5M and the net loss decreased to $27.7 M compared to previous period.(The loss was still substantial, but included a charge of $6M for "impairment of fixed assets".<g> The stock has been the best performer this month among all the entries in the different portfolios of the stock picking contest for 2003.(The stock has appreciated 71% from its Dec.31 closing to its intraday H today.) Since last June the stock has been selling below its reported cash/share around $1.60.<g> (It was included in the "Battered List"previously mentioned on this thread.<g>) Message 18170830 Subject 53510 The stock opened with a small up-gap today in spite of the "market".<g> siliconinvestor.com Since the Up-trend started in November, it has managed to hold its general trend, making Higher L after each correction and higher Hs on the recoveries.(except early this month.<g>) siliconinvestor.com From a longer term perspective the stock still has plenty of room to run.<g> siliconinvestor.com Disclosure: I am long GNSC.<g> Bernard

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