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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Green Receipt who wrote (12865)	11/12/2003 2:51:38 PM
From: James Strauss	Respond to of 13094

NYZM David: Revenues are down and losses continue... Synthetech Reports Second Quarter Fiscal 2004 Results Tuesday November 4, 4:05 pm ET ALBANY, Ore., Nov. 4 /PRNewswire-FirstCall/ -- Synthetech, Inc. (Nasdaq: NZYM - News) today announced financial results for the second quarter and first half of fiscal 2004, which ended September 30, 2003. Revenue for the second quarter of fiscal 2004 was $1.8 million, a 9% decrease compared to revenue of $2.0 million in the second quarter of fiscal 2003. Operating loss for the current quarter was $1.2 million, compared to an operating loss of $1.7 million for the same period last year. Net loss for the quarter was $1.2 million, or $0.09 per share, compared to net loss of $1.0 million, or $0.07 per share, for last year's corresponding period. The recent rise must have been in anticipation of a better report... There was a lot of volume at the top of the price peak... The actual earnings report punctured the anticipation balloon... We could see a price retreat towards the 1.00 area... bigcharts.marketwatch.com Jim