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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: JMarcus who wrote (367)	8/28/2003 8:52:40 PM
From: Jibacoa	Read Replies (1) of 3722

NTII Marc, It seems ready to start closing some of its May 7 down-gap.<g> It needs to close above the June 17 intra-day H of 4.99. As you may recall, the May 7 down-gap was from the 7.86 (Close on May 6) to the 5.07 (Open on May 7) (total gap=2.79)To get to the mid-gap level the stock has to get back to 6.46 As you said, the stock has been acting well since August 12 when it started to move up from the 3.40 level and especially since August 22 when the trend started to accelerate from the 3.60 level. The insiders have done some selling and more so the institutions.(The stock trades around 20 times its reported book and around 42x sales.) siliconinvestor.com The stock has closed its smaller down-gap from June 19 and if it can break to the upside from its present saucer looking pattern, it may be able to close some of its May 7 gap. RAGL Bernard

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