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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (351)	4/18/2002 5:07:21 PM
From: Jibacoa	Read Replies (1) of 544

ORCH Did pretty good today for a change.<g> siliconinvestor.com They are getting somewhat short on cash.<g> But they announced today that they are planning on cutting down on expenses.<g> PRINCETON, N.J., April 18 /PRNewswire-FirstCall/ -- Orchid BioSciences, Inc. (Nasdaq: ORCH - news) today announced certain actions intended to reduce future operating expenses and accelerate expected profitability to the latter part of 2003. Orchid is reducing staff, redeploying certain operations and closing selected facilities. Orchid today also announced that its results for the first quarter of 2002 are expected to exceed company and analyst forecasts. It needs to close above the resistance of 2.90 before trying to test the February 13 H at 3.87 <g> siliconinvestor.com Bernard

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