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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: tuck who wrote (628)	2/8/2002 2:09:16 PM
From: Jibacoa	Read Replies (1) of 1005

Tuck: Sorry for the delay in answering, but I had some visitors and had been away from the computer all morning. I don't see a gap on TELK's chart in November. On Nov.1 it started an up-trend from that day's L of 7.95 to Dec.6 H of 13.88 On Dec.7 & 10 it had a double-top at the 13.50 level and started on a correction that carried it to a Dec.17 L of 9.51.(At that point the price dipped below its longer term average).<g> But on the next trading day,(Dec.18) it rallied with increased volume (633,900) and the Dec.26 H of 14.49 was above the DEc.6 H. Another double-top was formed with the Jan.9 H of 14.50 anf it started the present down-trend to today's L of 9. Today's L of 9 was tested several times between 10.20 and 10.30AM and the largest intraday volume so far (15,900 at 10.39AM was on a neutral tick at 9.20 The nearest resistance is now at the 10 to 10.25 level, but for it to give a "buy signal" on the chart it needs to close above 11.35 (That is if you want to buy it on the way up and not too cheap.<g>) Besides today's "support" at the 9 level, it seems to have stronger support at 8.20 (from its mid-October Hs.) That would be a point to try to buy it cheap.<g> RAGL Bernard

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