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

BIB 82.74

-1.3%

Dec 26 4:00 PM EST

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To: Michael Young who wrote (1756)	2/25/2007 11:24:44 AM
From: Jibacoa	Read Replies (1) of 3722

Michael, As you now, IDEV has had 4Qs of double digit improvements on revenues & on the 1stQ of the current Yr.,was able to trim significantly its loss.<g> The EL for 2007 is around $0.80/shr vs. $1.02 in 2006 & for 2008 the EL is around $0.50/shr. It has support at the $7 level & nearest R at the 7.50 where it should start closing some of its Dec 12 DG. (Back on Dec 13 was when it announced that the FDA had accepted its NDA for Santura.<g>) Once it can close that DG the R will then be the Dec 8 H at 8.06 & it could be able to resume the UT it had from the Oct 3 L of 5.58 to the Dec 8 H. bigcharts.marketwatch.com If you draw a trendline connecting the tops of the UT on the weekly chart (UT from the May L of 4.25 to the Oct H). it seems the stock could trade to the 9.10 level. I think in YHOO the "target" for the next 12Ms is > 11 <g> bigcharts.marketwatch.com The stock has had 4 consecutive wks of + moves.Insiders last reported some buy in Apr. If the stock can close above the Oct H, it will make a 2 Yrs. H, which could draw some attention. The May 2004 H was 10.25 & the Jan 2002 12.83 & the all time H in Feb 1997 was 32.63 <g> bigcharts.marketwatch.com Will see how the proposed acquisition of VLRX turns out. I don't know how Vantas compares to Lupron, but I think it is more expensive. RAGL Bernard

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