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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (2516)	1/9/2001 4:43:22 PM
From: Jibacoa	Respond to of 52153

CYTO: Closed at 3 3/8 on volume of 1,026,900. It remains on a near term up-trend, but still has to deal with today's temporary double-top on the first hour of trading at 3 7/16.(It did not close the early morning up-gap)The next resistance is at Jan.4 H of 3 3/4 which was also during the first hour of trading. On a daily chart the stock will not be able to break the down-trend coming from the Febr.H at 21.812 until it can close above the 5 3/4 level. Will see how it does tomorrow, since often times there is a "retracement after the news". SQNM: Close up 3 1/8 (26.04%) for the day on volume of 324,000. On a daily chart still seems to have substantial resistance at the 18 to 21 level.However, the stock seems to be bottoming out and seems "cheap" compared with its March H at 191 1/4. The short position reportedly is around 7.9% of the 15.4 million float. They have about $5.8 million cash/share. The institutions reportedly increased their holdings by 2.3 million shares on the last Q. I like the risk/reward ratio and bought some at 12 1/2. Bernard