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

BIB 81.74

-4.1%

Feb 5 4:00 PM EST

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To: JMarcus who wrote (528)	3/2/2004 11:52:52 PM
From: Jibacoa	Read Replies (2) of 3722

Hi Marc Re: PCYC The stock has been on a good UPTREND since November 6 and has continued it on a somewhat accelerated basis after closing its December 2 Up-Gap As you may recall, the volume that day was 10,547,860 and since then the highest volume has been only the 1,898,117 on Jan.9 and that was also on an "upday". (Dec.2 was the day it announced that it had received an FDA "fast-track" designation for its Xcytrin for treatment of non small cell lung Ca.) Today it had no problem on making another 52wks. H as it went through its Jan.23 H of 11.81 with ease after it announced updated interim data from an ongoing P1 on Xcytrin for the treatment of locally advanced head and neck cancer in combination with concurrent chemoradiation. (That had been already presented at an international conference that was held last month.<g>) Today's good spike was made on a relatively low volume of a little more than 607K and without an Up-Gap.<g> PCYC next resistance seems now to be its Sep.2001 L at 14.54 and then its Oct.2001 L at 16.80 and the Nov.2001 L at 19.87 As you may recall, the 2000 H was 86 and the 2001 H was 48 It seems to me that if the stock continues with its strong momentum, it should be able to test the 21 level before year's end.<g> Although the stock has no revenues, it reportedly has around $4.50 in cash/share which is supposed to last for about 30 months at the present burn rate.<g> I have been somewhat busy with other endeavors and have not been watching the market closely.I am also expecting several of my grandchildren to be in town for the "Spring Brake" this month. bigcharts.marketwatch.com bigcharts.marketwatch.com RAGL Bernard

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