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

BIB 81.16

-0.9%

4:00 PM EST

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To: Galirayo who wrote (943)	6/3/2005 12:55:31 PM
From: Jibacoa	Read Replies (4) of 3722

Re: SQNM It has been on a "mini nearterm uptrend" since May 23 when it traded for a while back above the $1 level.<g> The RSI has increased from the high 20s on May 11 to the high 70s at present. The revenues have been lower in the last 4Qs but the loss in the last Q (March) was $0.18/share vs. $0.25 in 2004 Will see if Harry Stylli, the new CEO who comes from Xencor and Aurora Biosciences will do a better job than Antonius Schuh,I hope so since I am still long some shares of SQNM.<g> The stock still needs to close above its Apr.20-Apr.21 double top at the $1.05 level before it can test the resistance from the Apr.19 H at $1.20 If it can do that, it will start to get off of the near term downtrend coming from the Feb.8 H at $1.82 (which was not broken with the spike on Mar.10 to $1.50 ) The up-day on Mar.10 was made on a volume of 2,698,520 and at the time of the spike on Apr.19 the volume was 1,026,962 and that was a down-day since in spite of the intra-day H of $1.20 the stock closed below the previous day close ($0.97 vs.$1.01) Since then the volume has remained below the 1/2M level bigcharts.marketwatch.com bigcharts.marketwatch.com It seems that if the stock can close above $1.80 it shouldn't have much resistance before the $2.40 level.<g> bigcharts.marketwatch.com RAGL Bernard

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