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


To: Jibacoa who wrote (300)2/19/2003 3:26:34 PM
From: Jibacoa  Read Replies (2) | Respond to of 3722
 
ALTH Has continued the downtrend that started from its October 21 H at 9.89 and accelerated somewhat earlier this month after JNJ reported on a 13 G that it owned only 1.93M shares of ALTH (a 7.5% stake) vs. the 2.2M shares (a 9.6% stake), it owned in Feb.2001<g>

The shares are down more than 10% and volume is over 241K (almost 3x its daily average)

siliconinvestor.com

The stock seems to have support at the 4.25 level.Perhaps it is time for JNJ to buy back the 270K it has sold since last year.<g>

siliconinvestor.com

Bernard