Biotech & Pharma.T.A, Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

BIB 86.27

+6.0%

Jan 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Pied Piper who wrote (601)	7/29/2004 5:04:13 PM
From: Jibacoa	Read Replies (1) of 3722

Re: FMTI As you mentioned, it announced today two others cholesterol absorption inhibitors to its drug development program and they are planning a PII of their FM-VP4 in the 2ndQ of 2005. The stock was up 2.5% for the day, closing 3 pennies below its intra-day H of $2.08 Its highest one minute volume today was the 27,200 shares that were traded at 11.20AM unchanged at $1.97 Today total volume of 135,988 shares was still low compared to the 7,169,371 that were traded on April 6.(The day of the down-gap.<g>) FMTI seems to have made an intra-day double bottom Tuesday at the $1.72 level (at 2.30-3.30PM)and has a mini-term up-trend since then, which continued yesterday and today. It needs to close tomorrow above today's H of $2.08 before it can test its July 19 H at $2.13 <g> After that it has more important looking resistance at the 2.25 level (from July 15) and that would still be a long way before it can test its June 14 H at 2.79 In order for it to start closing its April 6 down-gap, the stock needs to close above 3.70 <g> Looking at some of its fundies, the 1stQ loss of $0.06 was much larger than the $0.01 loss in the 1st Q of 2003 and revenues were down by 4% (3.3M vs.3.4M) Reportedly it has around $0.44 cash/share and its TD/Eq=0.064 Insiders hold around 4% and institutions around 17% Float is around 32M and the short position is around 4.4% bigcharts.marketwatch.com Bernard

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next