Biotech & Pharma.T.A, Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotech & Pharma.T.A,

BIB 70.19

+2.8%

Nov 5 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jibacoa who wrote (123)	11/26/2002 10:30:23 PM
From: Jibacoa	Read Replies (2) of 3722

SQNM The volume has been running relatively low in the last 2 weeks, after 515,600 were traded on November 13. On that day, 378,800 shares were traded during a 30 minutes period around 2PM in what were apparently down ticks,(the price was down from 2.40 to 2.36)but the cash flow for the day showed a positive 294,400 ? <g> The stock shows good support at the 1.90 to 2.00 level and is selling around 0.55 of book and is again below its reported cash/share of $2.44. Although the insiders hold only 5% and institutions 23%, both groups have reportedly been doing some buying lately. Today's volume was only 73,206 and there is a short position of 1M (about 6 to 7x the daily average of 149K) They announced on October 28 their plans for launching a technology that can measure how active a gene is in a diseased cell compared with a healthy cell.(That could give clues as to which genes are implicated in disease.) I am planning to keep adding to my position on SQNM on favorable market conditions.(On a dip below $2 or a close above $2.25).<g> siliconinvestor.com Of course, the tax selling season is just around the corner and the stock will probably be under some pressure since the price is significantly below its January levels. siliconinvestor.com But, it seems to me the R/R remains favorable from a longer term perspective.<g> siliconinvestor.com Bernard

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next