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

To: cavan who wrote (632)	1/18/2005 11:48:36 AM
From: tuck	Respond to of 3722

Not me, sorry. Heard of them, but know nada. Cheers, Tuck

To: cavan who wrote (632)	1/18/2005 2:21:31 PM
From: Jibacoa	Read Replies (2) \| Respond to of 3722

Re:CGCP It announced today that its 4thQ. revenues are expected to be at their highest level in the last four years.<g> "Strong TMR handpiece sales combined with laser sales in the fourth quarter resulted in expected revenues in the range of $4.9 - $5.1M for the 4thQ and $15.2 - $15.4M for the year." That was an estimated 80% increase in revenues from the 3rdQ and a 48% increase compared to Q4 of 2003.(A 14% year-to-year increase in revenues.)(And in spite of their sequentail decrease in revenues for the last 3Qs.<g>)(They plan to release financial results for the 4thQ and year end next month.) The stock had another up-gap today, albeit not as large as the one on Dec.28 when it had an intraday H of $0.70 on its highest volume, so far, of 2,322,186 (The stock has been on a recent downtrend since then that is been broken today.<g>) Today's volume so far of 670K is the higher since Dec.28 The nearest resistance is today's intraday double top (at 10.26-10.28AM at the $0.65 level)and the stock seems to have found support at the 1.20PM low of $0.55.<g> If the stock can manage to close above its Dec.28 H of $0.70 the next resistance seems to be the Aug.6 H at $0.75 but the long down trend coming from its Jan.9 2004 at $1.40(or I should say from its Nov.7 2003 H at $1.92) was broken on Dec.28 (Dec.28 as mentioned in your link, was when they received FDA approval for SolarGen 2100s, their advanced laser for transmyocardial revascularization.) bigcharts.marketwatch.com In view of the recent financial results, the longer term chart looks interesting.(However, watch for possible closing of the gaps.<g>) bigcharts.marketwatch.com Bernard