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Biotech / Medical : Sangamo Therapeutics, Inc. SGMO
SGMO 0.530+7.5%Dec 4 3:59 PM EST

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To: nigel bates who wrote (79)4/5/2001 1:56:17 PM
From: donald sew   of 368
 
Nigel,

>>>> I was just wondering how low they can go before I get an irresistable urge to buy some <<<<<

Of course, theoretically it could go alot lower and as low as 0. Getting that out of the way, from a technical, not fundamental analysis, 5.75-6.00 is a strong support region and should create some sort of a bounce from there. I believe 5.75 is the all-time low. Can it drop below 5.75, sure it could if the NAZ continued to sell off, and of course if it comes out with bad news.

Right now there is no real fundamentals other than a book value of 3.02 and cash value of 2.87.

Hey, its a story stock and should be treated as a highly speculative/volitile stock which could also shoot up. For now I would say that worse case senerio, without bad news, is $3.00/share of basicly the cash value at the time.

Basicly, SGMO has given up all of its gains, which on a relative basis is better than some other stocks. ggggggggg
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