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To: Bill Cotter who wrote (40415)	12/4/2003 1:51:24 PM
From: Johnny Canuck	Respond to of 71182

Sorry Bill, I don't know this company very well. It's move is probably a result of the Nanotechnology bill and this news sorry on a patent being granted to another nanotech company. 08:03 NGEN Nanogen issued key nanotechnology patent (3.79 ) Co announces that it has been issued U.S. Patent No. 6,652,808, "Methods for the Electronic Assembly and Fabrication of Devices," ("the '808 patent") by the U.S. Patent and Trademark Office. This patent is the parent of a series of pending patent applications that significantly broaden Nanogen's proprietary position in the nanotechnology and nanomanufacturing areas. "One of the challenges in producing new electronic and photonic devices using nanoscale components is the integration of these components into viable higher order devices. The new Nanogen patent describes a unique electric field 'pick and place' process that facilitates the bringing together or integration of diverse DNA nanocomponents, thereby helping solve difficult scaling issues." Keep in mind it is interesting technology, but being able to develop actual working products many be years or decades off. Till they fix out how to make money at it, these will be cult stocks. It is all about the promise. Hydrogen fuel cell technology was the same way. Most people now see hydrogen technology not see any deployment till 2012 at the earliest and it is really looking like 2020. In addition I know there are some extreme problems with longivity of the cells that make the current economic case pretty shaky. I will look into it more when I get a chance. Technically, this stock is not quite in a down trend, but it darn close. I would have a stop loss somewhere under the 200 day EMA at 22.06. I would personally want to see a heavy volume reversal from this level before I entered a position. 139.142.147.218