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

BIB 75.48

+1.4%

4:00 PM EST

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To: Jibacoa who wrote (2639)	4/28/2010 12:20:41 PM
From: Jibacoa	Read Replies (1) of 3722

SURG opened with a good UG, was up 72.43% and is still up 37.30% at present on volume of >1.1M about 16.8x its ADV.<g> bigcharts.marketwatch.com It said that it has entered into a $32M agreement with ACL for the right to sell certain SURG's patented products worldwide and they have ended all previous litigation matters between them.<g> The stock traded earlier today above my previous target of $3. The earnings on the 2ndQ were 100% better on slightly lower revenue. I will have to readjust my target, but will better wait to see how much of today's UG will be closed.<g> The stock seems to have a good amount of resistance at the $4 level bigcharts.marketwatch.com Bernard

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