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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: tuck who wrote (978)	7/12/2004 5:24:15 PM
From: zeta1961	Respond to of 1005

<<Tempted by INGN. Market seems to be assuming the worst about PIII H/N accrual. Zeta, Bernard, any thoughts on bottom fishing here? Seems as though tech value is getting very low. If Advexin is a bust, do they have the dough to advance the other programs without having to dilute for a while?>> I was going to ask you and Bernard the same thing...I just don't know anymore, Never thought we'd see these prices unless Advexin/geopolitical nightmare...I think unless INGN puts out a strong PR...which they usually do during each earnings season(mid August next one)...it's headed even lower...Erb results hurting accrual...along with standard gene therapy prejudice.. The next advancing program as you know, is there Broncho- alveolar cancer program...waiting to do P3's...ever since the recent negative Kapoor PR from his other ventures...my enthusiasm has waned...M.D. Anderson is the only positive... Another question...insider ownnership at 61%...from the grapevine, I hear Nance is a strong-willed, proud kinda' guy...would he just take this co. private?...that thought has crossed my mind...your opinions appreciated... still thinking of that casita in Barcelona...escape the bio/election year brooha... Zeta

To: tuck who wrote (978)	7/13/2004 3:50:33 PM
From: Jibacoa	Respond to of 1005

Tempted by INGN. Market seems to be assuming the worst about PIII H/N accrual. Zeta, Bernard, any thoughts on bottom fishing here? As previously discussed with Zeta, I sold my INGN position, and have been waiting for a possible re-entry point, but at present I still don't like the general market and it seems INGN will need some base forming before trying to get off its present down-trend. If you look at its daily chart, you may see that the S average crossed over the M average on March 12. (at that time the PSML data was:P=8.85 S=9.02 M=9.00 L=8.93)On the previous day (Mar.11) although the Price was already below the S average, that was still over the M.(Data was P=8.96 S=9.11 M=9.03 L=8.83) At that time the L average was still below the S & M averages. (As I mentioned, when a stock is on an UPTREND the proper sequence is PSML <g>) Subject 31891 Since March 12 INGN has not been able to start an UPTREND (as defined.<g>)If you look at it on IQ charts and have IQ Zone active, you may note that the price bars have remained red,and in each rally attempt the H remained below the previous H.(H of 9.48 on Mar.30 was < H of 10.02 on Mar.4 and the H 9.20 on Apr.26 was below Mar.30 and the double-top at the 7.39 level on May.26-May.27 was below the Apr.26 H etc.) At present the PSML data on INGN is: P=3.36 S=3.80 M=4.32 and L=5.60 (All in the wrong sequence.<g>)Also others indicators remain negative, including Parabolic Star, Balance of Power, Money Flow, Time segmented Volume, and Linear Regression, (To mention just a few.)I don't usually look into those as I try to keep things simple.<g> As you mentioned, INGN looks tempting, but I would rather wait until its technical picture and the market in general look better than at present.( I try to keep myself remembering Warren Bufett's advise on the market: "The main thing is not to loose any money" and Jesse's "It doesn't pay a man to be wrong.") bigcharts.marketwatch.com Because I don't consider the present market conditions as near term favorable, I have not been watching things closely. RAGL Bernard