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Biotech / Medical : Biotech - Technical Analysis

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To: JEB who wrote (229)3/22/2002 2:42:15 AM
From: JEB   of 544
 
The CYTC chart looks bullish in the very short term:

siliconinvestor.com

Today the stock should break out higher if the market and confidence holds.

Thursday's rally on the lawsuit is perplexing. I don't think the CYTC investors realize just how ruthless ENZ lawyers are at protecting the corporate property.

In a conversation with the president, he made it a point to emphasize their patent portfolio and the "no quarter" (my words) policy of protecting it.

I must have missed the real reason for the rally. Maybe it was just a good will rally.
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