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Biotech / Medical : Biotech - Technical Analysis
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To: tuck who wrote (340)4/15/2002 8:30:24 PM
From: Jibacoa   of 544
 
TLRK Yes, it made a new L on more than double its daily average volume.<g>

Apparently their April 3rd presentation at BAC's conference was not too well received.<g>

They are to report earnings on Thursday after the market close and have scheduled a conference for early Friday morning. Although it seems that at their present burn rate they have enough cash to go for almost 4 years, the estimated loss for the coming year ($1.78) is about 80% more than the loss for the last 12 months.

Although there has been some insider's sales lately, the institutions reportedly have been buying.<g>

After the sell-off at the start of trading on April 8 on volume of 100,600 (16.71 down to 15.22)(volume for that day was 574,700)the hourly volume has increased since April 13, especially in the last hour today during which 135,300 shares traded with little change in price.<g>

Although it is usually very hard to catch a falling knife and always best to buy "on the way up", <g> will see if TLRK can form a base at the 12.45 to test the 13.70 <g>

Of course, its major resistance starts now at the 16 level and extends to the 20.25 that it needs to overcome before it can test the March 6 H at 22.18 which is is where the attempt at recovery failed.<g> (From the 17.80 Ls early this month prior to the BAC conference )

siliconinvestor.com

RAGL

Bernard
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