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Biotech / Medical : Biotech & Pharma.T.A,
BIB 75.40+5.5%4:00 PM EST

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To: Jibacoa who wrote (42)9/25/2002 12:27:08 PM
From: Jibacoa  Read Replies (1) of 3722
 
DNDN Has been acting well since it started its present near term up-trend on August 7 and confirmed it on August 9

It has closed its August 13 up-gap and yesterday its board of directors approved the adoption of a Stockholder Rights Plan under which all common stockholders of record as of Oct. 2, 2002, will receive rights to purchase shares of a new series of preferred stock.( It seems the insiders that reportedly hold more than 60% of the common stock think the stock is undervalued)<G>

Today the stock is up just 9.43% on moderate volume of 32.6K

The PSML data at present: 3.83 3.60 3.52 & 3.17

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But the stock still needs to close above its August 15 H of 4.30 before it can test its April 2 H at 7.19 or fully close its January 11 down-gap (gap=8.05 to 4.57)

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The September 2000 H was 26.62

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Bernard
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