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


To: Mike McFarland who wrote (707)2/28/2005 3:35:48 PM
From: Mike McFarland  Read Replies (1) | Respond to of 3722
 
One month later, my stock has pulled
above some moving averages...but at the
moment GLGC is down a dime to $3.17--
following the entire biotech group down.

A CC is scheduled for March 17th, and
that should illuminate where this is going
to go.

They have launched a software product
"ToxShield Suite" in the past month and
held their 4th quarter call: Ended the
year with 103M and burned 4M last quarter.
The marketcap right now is 101M.

Directors and CEO are giving themselves a
gravy incentive plan.

I am off 8% in this stock at the moment and
feel pretty comfortable holding it. I think
it is worth looking at, especially as we draw
closer to the March call.

Also, I noted Perlegen raised a nice chunk of
change today.