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

To: JMarcus who wrote (568)	4/8/2004 12:44:11 AM
From: Jibacoa	Respond to of 3722

Marc: IMGN is on a near term Uptrend that started on March 29. The price and the SML averages are on the right sequence. Nearest support is at 7.60 and then at 7.40 Nearest resistance at 8.25 and then the May 2002 H at 8.49 It seems it may get to test the February 2002 H at 13.05 The RSI has been rising since last July. It has almost $2.50 in cash/share and no significant LTD The revenues for the second Q and 6 months on the current fiscal year have shown good improvement (a 108% improvement in revenues on the last Q ) albeit some of that included previously deferred revenue as well as some milestone payments from MLNM Although there was some profit taking today, the stock did well and was higher after hours. The PSML data on IMGN at the close today: 7.90 7.62 7.01 & 6.55 (all on the right sequence <g> ) As I mentioned on my note to blackmerlin, I have not been watching the market closely and took some profits on several positions last month. Bernard