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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (159)	3/11/2002 4:28:00 PM
From: Jibacoa	of 544

Well, it was nice to see the DOW closing on the positive side and over the 10,600 level. The S&P also closed on the green, but the NAZ missed it by a fraction.<g> LSBC closed near its intra-day H, but not over the 3.55 resistance, albeit it traded (and had several tries) at the 60 level.<g> At any rate, up 12.90% for the day is not bad.<g> siliconinvestor.com siliconinvestor.com ILMN Also did well today. It has about $3.10 cash/share, which should be enough to carry it for several years at the present burn rate, Institutions reportedly have been buying lately (they hold about 50% of the float) and the short position is close to 10x the daily average (for the past month) After the initial up-gap this morning it traded the rest of the day above its March Hs and it was able to close above its February 19 H (8.45) It closed today up 16.51% on moderate volume.<g> siliconinvestor.com siliconinvestor.com Bernard

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