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Biotech / Medical : Biotech & Pharma.T.A,
BIB 75.40+5.5%4:00 PM EST

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To: Jibacoa who wrote (2605)9/25/2009 1:21:32 PM
From: Jibacoa  Read Replies (2) of 3722
 
DRRX is among the few Biotechs showing some advances today. The stock has been helped by its presentation on Wednesday and today.<g>

It is still up 10% after finding support at the $2.40 level. Volume is >10x its ADV.

bigcharts.marketwatch.com

DRRX has reported lower revenues in the last 2Qs and the loss for the current Yr. is expected around $0.38 unchanged from 2008

DRRX has NSLTD. Today's advance besides the 2 recent presentations, is probably related to short covering, since although down 6% in the last month, the short ratio was still about 10.8x its ADV.<g>

The stock has a good amount of resistance at the $3 level.
bigcharts.marketwatch.com

With some good news and a close above $3 it could get to the $4 level.(The ACTAY is $4.13)<g>

bigcharts.marketwatch.com

Bernard
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