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

BIB 88.17

+3.2%

Jan 22 4:00 PM EST

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To: tuck who wrote (462)	1/6/2004 12:21:34 PM
From: Jibacoa	Read Replies (1) of 3722

Hi, Tuck: NGEN At present seems to be closing yesterday's upgap. Nearest support is at 11.78 and resistance first at 12.65 and then yesterday's H at at 13.50 bigcharts.marketwatch.com So far it is holding its nearterm Uptrend albeit it is presently overbought.<g> The PSML data at present (Price,Short, Medium & Long Averages) are 12.27 10.95 8.59 and 5.97 In other words, the averages remain on the right sequence, but are wide apart because of the overbought condition. On the monthly chart, the PSML data at present: 12.27 7.54 4.94 and 7.45 In other words, on the monthly chart the L average is still above the M. If the M can cross above the L, the outlook will improve.<g> From the Fundamental standpoint, the company continues to lose money, albeit in the last 2Qs it has been less.<g> There was also a 12% improvement on revenues in the last Q but revenues will not look good in the coming Dec.Q when compared to the revenues in the 2002 4th Q.<g> I think the main thing going for it at present is the interest in nanotechnology, which I don't know how long it is going to last, but I am enjoying it for the time being.<g> I have at present a small position on NGEN which I plan to hold as long as its chart pattern remains favorable.(I know I can't do that in the stock picking contest.<g>) bigcharts.marketwatch.com Look at that EMA 180 (dark red line) still above.<g> bigcharts.marketwatch.com RAGL Bernard

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