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Biotech / Medical : Rigel Pharmaceuticals, Inc. (RIGL)
RIGL 37.87+33.8%Nov 5 3:59 PM EST
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To: mopgcw who wrote (320)7/27/2007 11:51:23 AM
From: tuck  Read Replies (2) of 566
 
Rigel is approaching the lows hit when R112 flopped in December '05. There should be some support here, despite the near term chart showing breakdown potential. PPS well below recent financing that priced at $9.75. Looking for for a starter position here. Did you get that CS report? Need to research catalysts. Short interest has doubled, but is not as large as in many other biotechs.

Edit: In for a bit at $8.20.

Cheers, Tuck
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