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

To: Galirayo who wrote (816)	2/14/2005 3:17:48 PM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

Ray SQNM was holding the near term uptrend that started on Jan.31 when the stock started moving from the 1.26 level, but it broke the initial support level on Friday. The H last Tuesday was higher than the one on Feb.1 (1.82 vs. 1.73),and both were made on expanding volume. On a close above 1.82 the next resistance seems to be the May H at 2.10 and then the Apr. one at 2.76 <g> bigcharts.marketwatch.com bigcharts.marketwatch.com The revenues have continued to show a poor comparison with the previous year, on the last Q revenues were $6.1M vs.$8.0M in 2003 and for the Yr., revenues were $22.4M vs. $30.3M The loss was cut down some and on the 4thQ it was $13.0M vs. $18.2M in 2003 and for the Yr. the loss was $34.6M, or $0.87/share per share, vs. $36.7M, or $0.93/share. On December 31, 2004 it reportedly had around $37.9M in cash,at least good for another yr.<g> I am still long some shares of SQNM and watching to see if it will hold the support levels at 1.30 and 1.25 RAGL Bernard