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

BIB 69.53

-1.0%

Nov 7 4:00 PM EST

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To: Jibacoa who wrote (2548)	8/3/2009 4:04:23 PM
From: Jibacoa	Read Replies (2) of 3722

SOMX is still up 21.70% on volume above 1,336,200 still less than 2x its ADV.<g> The stock had a good spike on July 23 when it announced that it had completed a $6M private equity financing,selling 5.1M shares at $1.05 and 7 year warrants to purchase up to approximately 5.1M additional shares exercisable at $1.155.<g> bigcharts.marketwatch.com The company is due to report its 2ndQ results on Thursday after the market closes. Thomson-Reuters estimates for 2009 are for a loss this Yr of $0.75 vs. a loss of $2.04 last Yr.and the 1st Q loss was already $0.14 less than in 2008.<g> If the stock can close above the resistance at $5, it seems that it could get to the $7 level.<g> bigcharts.marketwatch.com Bernard

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