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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: tuck who wrote (784)	4/8/2003 11:33:30 PM
From: Jibacoa	Read Replies (1) of 1005

Yes, 34% gain is a good % gain any day.<g> The stock started on the upside and after an hour pause from 10.15 to 11.15AM it continued with a gradual but steady up-move. The 258.2K volume today was higher than the 223.9K yesterday. The RSI is up to 48. However, the MF was negative by 57.1K In spite of some down ticks in the last 5 minutes, the stock managed to close near its H for the day,and just above its medium average line(1.30)The L average is still above.(1.86) Will see if the stock can close above the resistance starting from its March 19 H of 1.68 to the March 5 H of 2.22 The February 13-14-18 triple top at the 2.85 level is somewhat far looking at present.<g> I have been watching GERN coming down from its April 1-2 double top at the 7.40 level, to see if it can find support above the 3.70 level. It had a good run from its March 17 close at 1.73 to its aforementioned double top, They have announced the 4M shares sold at $4.60 and I am glad that I sold my position around 6.50.<g> Although their research with telomerase and stem cells is still in early stages, the results so far look very good to me and I am looking for a new entry point. Do you have an opinion on GERN ? BTW LEON seems to have formed a base at the 3.10 level and althogh slowly and on low volume, has been up for 2 days on a roll. The last heavy volume day on December 27 (266,173)was an up-day.(from 4.17 to 6.37 and a good up-gap also.<g>) RAGL Bernard

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