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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (103)	12/6/2002 11:21:57 AM
From: Jibacoa	Respond to of 3722

VPHM Is up 23% on volume of 123K. The question for today is wether it will be able to close above its December 2 H of 1.70 The stock had a good short run from its November 1 close of 0.93 to its November 7 intra-day H of 1.74 (87% gain on 4 trading days.<g>) The November 7 H was above the July 7 H of 1.75, but the stock is still far from being able to close its May 10 down-gap above 3.50.(The March 19-March 20 down-gap from 13.42 to 7.01 is not yet worth mentioning.<g>) VPHM had a somewhat complicated 3rd Q report, because of its deals with AVE.(Sold the workforce for more than 15M,purchased $23M of its convertible notes for $8.2M for a gain of $15.2M and AVE bought about 4M of VPHM stock and R&D expenses were more than $3M less than in 2001.) As of September 30 VPHM still had around $176 M in cash. (About $6.79/share)<g>)Insiders hold 50% and reportedly had done some buying lately. bigcharts.marketwatch.com bigcharts.marketwatch.com Bernard