Biotech Lock-Up Expiration Hell Portfolio Message Board

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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: tuck who wrote (998)	12/3/2004 11:56:54 PM
From: Jibacoa	Read Replies (1) of 1005

Still think it's near term prospects suck on a fundamental basis. Was this a quick technical trade on your part, or a position trade? Would like to hear your rationale if the latter. Let me know when you sell if it's the former. I liked it from a TA standpoint. Didn't like today's opening up-gap and sold at 6.35 when the price started to drop below the 6.37 level around 12.50PM. They reportedly still have around $1.55 in cash/share, a Debt/Equity ratio around 0.015, BV around 2 and insiders hold more than 13%. The estimates are that the loss for the current year will be around $1.14/share and $0.45/share in 2005.So there may be enough cash to burn for another 18 or 24 months without the need for further financing. Will that be enough time for the research to hit pay dirt ? I guess time will tell. You never know,look at BIOM today. Most people had given it up for dead.<g> RAGL Bernard

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