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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: tuck who wrote (774)	4/7/2003 10:34:29 AM
From: Jibacoa	Read Replies (1) of 1005

Tuck, GNVC traded 997,500 shares at 12.45PM on April 4. The one minute chart at that time: O= 0.90 H=0.93 L=0.90 C=0.93 However the previous trade that day was at 12.42PM and the one minute chart data at that time showed all 5000 shares were traded at 0.99 So it seems it may have been an institution that decided to sell some of its shares at that time.But as you said the $0.90 level is an important support at present. The nearest resistance seems now at the 1.02 level and then of course the more important one starting at the 1.20 level up to the 1.70 It seems the stock has an up-hill struggle ahead. I am hesitant to start a position on it until it can close above its February 13 H at 2.81.Of course there is a good % gain to be made before that, but I don't like to get involved in what could be bloody battles. (Trying to avoid civilian and collateral casualties.<g>) RAGL Bernard

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