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Biotech / Medical : Biotech & Pharma.T.A,
BIB 70.25+0.1%Nov 6 4:00 PM EST

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To: Jibacoa who wrote (73)10/16/2002 11:41:17 AM
From: Jibacoa  Read Replies (1) of 3722
 
MLNM Is down 22% after its net loss widened to $98.8 M, or 0.35/share, from $25.2 M, or 0.11/share in 2001.

It was "down-graded" today by SG Cowen and Deutsche Sec. and started as "underweight" by Morgan Stanley.<g>

The volume of 7.7M is already ahead of its daily average.MLNM is selling aound 0.9 of "book" and has around $6.70 cash/share.

The L of 7.82 early this morning matched the levels of April 1999. Will see if it can close above $8 today,since the RSI and momentum have been improving since 11AM.<g>

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Bernard
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