Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (12033)	1/2/2003 7:32:50 PM
From: Sergio H	Read Replies (1) of 13094

Jim, CLGY didn't wait to long into the new year. Expected news on Tostrex marketing deal was announced this morning. Not much volume, but a nice price gain. I don't like the gap, but I think it presents a great place to look for an entry point for starting a new position. I was wondering if you agree, technically speaking. This company now has plenty of cash in the till and three late stage NDAs pending. The first NDA will get an FDA decision in early April. I think between now and April the CLGY dog and pony show will be in full swing resulting in new institutional investing. I wouldn't be surprised to see Unterberg lift their ST sell in the near future. That's it in brief. Short term target remains mid 6s and mid teens by summer.

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