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

BIB 75.48

+1.4%

Nov 14 4:00 PM EST

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To: Jibacoa who wrote (2948)	6/17/2010 11:20:04 AM
From: Jibacoa	1 Recommendation Read Replies (1) of 3722

After making a 52wks L yesterday, MYGN is trying to start forming a base and see it it will be able to cut some of the DG on May5.<g> The stock is still on the green today, up 2.28% on volume more than half its ADV. bigcharts.marketwatch.com May 5 was when MYGN reported weaker than expected quarterly sales.<g> Although the earnings on the 2ndQ (Dec) were 5% lower than in 2009 the revenues had been still sequentially higher.<g> Earnings on the 3rdQ were again lower than in 2009 and revenues although still higher than in 2009 were lower than on the 2ndQ and below the "analysts estimates".<g> MYGN also said at the time that it expected earnings for 2010, around $1.30 to $1.35 on revenue of $360M to $365M and the "analysts" were expecting earnings of $1.50 on revenue of $382M The "analysts" are now expecting earnings around $1.32 and $1.20 for 2010 & 2011 <g> Yesterday's L was at the same level as the March 2008 L and MYGN performed well in 2008 up until its H in March-April 2009 double top at the $44 level.<g> bigcharts.marketwatch.com The ACTAY is $23.50 MYGN has negligible LTD and good +CF and institutional follow up. In may it said it plans to repurchase $100M of its stock. It seems that it can cut most of its May5 DG and that the R/R isn't bad at present levels.<g> bigcharts.marketwatch.com Bernard

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