Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Sergio H who wrote (723)	6/28/2004 4:11:50 PM
From: Jibacoa	Read Replies (2) of 1404

IDEV's chart might be approaching your radar range.. Sergio, IDEV remains on a near term downtrend coming from its May 28 H at 10.25 (That was the day that they announced the FDA had approved Sanctura for treatment of overactive bladder.) The volume picked up a little to the upside near the close yesterday, but volume in general has remained low this month compared with the 12.9M that were traded on May 28. The stock has some support at the 6.10 level and the nearest resistance is now at 6.65 Besides Sanctura, they have four or five other drugs in PIIIs trials including Pagodone for panic disorder and Citicoline as a neroprotector in ischemic stroke. Their IP751 is still in PII as anti-inflamatory and analgesic. It is a derivative of THC but it supposedly is non-addictive, so you don't have to worry about "non-inhaling it".<g> They also have PRO2000 for prevention of HIV transmission and Aminocandin as anti-fungal and should still receive some royalty payments from LLY or Galen from the Serafem deal. They reportedly have around $1.20 in cash/share but they have around $1.50/share of total debt and a negative BV of $0.4 IDEV is not on my present watch list as a potential "buy candidate".(I have been getting a little more on the conservative side lately.<g>) bigcharts.marketwatch.com RAGL Bernard

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