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

BIB 79.76

-2.1%

Dec 30 4:00 PM EST

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To: JMarcus who wrote (615)	1/4/2005 4:41:02 PM
From: Jibacoa	of 3722

Bernard, how high do you think STEM will go? Marc: STEM had a good break-out today after the early news and the volume of 77,158,352 during the regular trading hours is the highest in the last 52 wks. It closed at $5.97 not too far from its intra-day H of $6.05 bigcharts.marketwatch.com As you may recall, on October 25, when 57,309,424 shares were traded (also on an up-day)the stock closed at $4.09 somewhat lower than the intra-day H of $4.87 and on November 2 when 59,728,592 shares traded the stock closed at $4.11 not only below its intra-day H of $4.73 but also below its previous day closing of $4.28 bigcharts.marketwatch.com The nearest resistance is of course today's H and if it can close above that,the August 2001 at $6.58 and the July 2001 H at $7.25 (Taking into account of course that each day's H is a resistance level that needs to be dealt with the following day.<g>) Other resistance levels are the Sep.2000 H at $9.20 and the Aug.2000 H at 11.66 You may also recall that in Dec.1999 (of course those were other times.<G>)the stock closed at $1.47 and the H in March 2000 was $20 <G> bigcharts.marketwatch.com Re: INGN I will answer that in the next post. (Have to take care of some phone calls.<g>) RAGL Bernard

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