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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (449)	6/27/2002 11:20:53 PM
From: Jibacoa	Read Replies (1) of 544

LSBC Continues to make deals with "private companies"<g> biz.yahoo.com Apparently those deals have been helping the stock since after re-testing the Ls on June 14 at the 1.12 level it has been moving up gradually in the last 9 trading days.(It will be 2 weeks tomorrow.<g>) siliconinvestor.com Of course the stock is far from been able to test its January 7 H at 5. I am afraid there may have been some hype about LSBC accomplishments in the past and concerned about the fact that some of the larger public companies that were willing to share on the research decided to leave. At any rate, from the chart standpoint, it seems the R/R is favorable.Recently LSBC had been selling around 0.7 of book and below its reported cash/share.The insiders hold close to 50% of the shares, but there has been some selling lately as well as from the institutional holders.<g> siliconinvestor.com Bernard

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