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Biotech / Medical : biotech fireworks

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From: tuck4/12/2007 4:32:47 PM
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Ciphergen (CIPH) is up 16% for some reason. It announced its AACR presentation yesterday morning. I skimmed some of the abstracts, saw nothing too exciting, as well as some cautionary notes re reproducibility of their technique. The company's main presentation is this Sunday, so the main action should be Monday, if any action from AACR is to be had. Really, the only thing that should move the stock is Quest announcing that they really are going to launch the ovarian cancer test shortly. I don't think the clinical trial evaluating it will finish in time to fend off "going concern" issues.

Hoping, but not expectant of for success. More like, looking for a bail above $2.25. Long way to go, yet. 16% only got it to $1.30.

Cheers, Tuck
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