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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: Jibacoa who wrote (529)	3/5/2004 6:00:44 PM
From: JMarcus	Read Replies (1) of 3722

PCYC hit another new 52-wk high today (both intra-day and at the close). Up 10.6% today, closing at $14.08 with an intraday high of $14.25. So we are getting close to the next resistance: its Sep.2001 L at $14.54. PCYC has been setting new 52-week highs on average volume. The nearest resistance is from 2-1/2 years in the past. Combined, those factors suggest that there are not many shares for sale -- not many weak hands among the current stockholders. The volume remains modest because the company is still below the radar screen of most of the market. The day-traders haven't found the stock yet. On the Yahoo! thread there have only been 13 postings this entire week. The market cap is a modest $230M. This looks good for some major appreciation if the right news event comes along. Marc

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