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Biotech / Medical : Biotech & Pharma.T.A,
BIB 83.58+1.8%Nov 26 4:00 PM EST

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To: Jibacoa who wrote (1934)10/4/2007 11:38:19 AM
From: Jibacoa  Read Replies (2) of 3722
 
NEOL Has been forming a base at the $0.92 level & looking at the volumes,all the increases have coincided with the "spikes".<g>

bigcharts.marketwatch.com

NEOL Has been trimming its losses consistently for the past 4Qs & the EL for 2007 is around $0.60/shr vs $1.14/shr in 2006

Last month it announced the appointment of Dr. Shahid Ali to V.P., Research & Development,planning on developing NEOL's drug portfolio,with focus on: Its NeoLipid platform;advancing Cintredekin Besudotox for the treatment of pulmonary fibrosis and asthma & completing the review of the drug program for indication of recurrent GBM

NEOL doesn't have significant LTD. The insiders hold around 20%.The stock needs to close above the $1.20 level before it can test the more important resistance at the $1.50 to $1.60 level, but the R/R doesn't look bad at present levels.<g>

bigcharts.marketwatch.com

Bernard
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