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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (384)	5/13/2002 11:43:12 AM
From: Jibacoa	Read Replies (1) of 544

VLTS Is performing well today after it announced last week the plan for purchasing for cash 55% of its series A Preferred.<g> Of course they will be issuing shares of a new series of preferred stock, but the "exchange" will have the effect of increasing the Company's stockholders' equity and net tangible assets, which will help on keeping the company's NAZ listing among other things.<g> It seems VLTS will close today above the May 1 H of 2.40 siliconinvestor.com But it won't close its April 25 down-gap or test the resistance above the April 23 H of 3.33 for some time.<g> siliconinvestor.com VLTS is up today 24.5% on volume close to 60K Bernard

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