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

To: John Metcalf who wrote (952)	6/4/2005 2:12:08 PM
From: Galirayo	Read Replies (1) \| Respond to of 3722

John .. Here's what I'm looking at. It seems to have Good Support in the 6.00 "Area". It's not Exact Bottoms that count .. I like to wait till it's close to the Projected Support area .. then Watch it like a Hawk for a White Reversal Candle or confirmation of the Reversal candle. But Somewhere in this Area is what I'd look for. This is a Weekly Chart ... ttrader.com Hope that helps, Ray

To: John Metcalf who wrote (952)	6/6/2005 1:23:45 PM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

John: Re: NRGN The stock seems to have support at the 6 level, but it remains on the near term DOWNTREND coming from its May 20 H at 7.85 <g> Although the loss for the 1stQ was only $0.24/shr vs. $0.36/shr in 2004, the revenues were lower at 2M vs. 3.2M and the projected loss for 2005 and 2006 is significantly higher than in 2004. ($1.25/shr & $1.68/shr respectively. vs. $0.63/shr in 2004) The presentation today in San Francisco doesn't seem to be helping as yet (albeit it is just starting <g>) The company reportedly has around $140M in cash, so it probably can deal with the estimated loss for the next 2 yrs. without having to issue more shares.<g> If you are fond of "bottom fishing", you may start picking some shares at $6. If you are fond of the group that follows Jesse's advise that says the "best time to buy a stock is on the way up and it is not good to try to buy stocks too cheap or too easily", then it probably will be better to wait and buy some at 7.20 and add some more at 7.50 and 7.90 with trailing "mental stop loss".(Jesse used to say that "it doesn't pay a man to be wrong".<g>) bigcharts.marketwatch.com RAGL Bernard