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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (273)	3/26/2002 12:08:53 AM
From: Jibacoa	Read Replies (1) of 544

ULGX Had a good move this afternoon. The institutions hold 78% (about 91% of the float) and reportedly bought 2.7 M in the last Q. Their main product is the Targis System for treating BPH. In the last 6 months, sales increased to $10.4 million from $5.1 million.The net loss fell 61% to $1.2 million There is a pretty good short position about 22% of the float which has increased in the last month and it would take more than 3 weeks of trading to cover at the present daily average. I wouldn't be surprised to see some short squeezing, which may already have started today.<g> siliconinvestor.com It has now resistance at the February 1st H of 19.50 before it could test the December 18 H at 22.02 siliconinvestor.com Bernard

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