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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: tuck who wrote (994)	12/6/2004 10:43:52 AM
From: Jibacoa	of 1005

Mom still holding some INGN... It continues to act well so far this month.For the nine months ended Sep.30 their revenues increased more than 90% to $592K, but the net loss increased 44% to $20M.(Albeit part of that "reflects an increase in general and administrative expenses due to the hiring of additional employees".<g>) Besides Advexin, the outlook for INGN 241 and INGN 401 seems promising. The stock needs to close above Friday's H of 7.60 and then its May H at 7.80 before it can test its April & March Hs. I think it will have to wait for the help of the "January Effect" before it can deal with its Jan.16 H at 10.37 but I am still hopeful that it will be able to test its Sep.2003 H of 11.24 some time next year. bigcharts.marketwatch.com For what it may be worth, you can tell your mom that I am also still holding some.<g> I am going to Texas tomorrow and will be there for a week, but will be only in Dallas & Houston and will not visit Austin.(Will try to keep my ears open, but don't know if any rumors about INGN reach that far.<g>) RAGL Bernard

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