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

To: Galirayo who wrote (1220)	7/14/2005 11:55:43 PM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

Re: NRGN Have any Ideas Bernard? Ray, as I said before, it probably will be OK to do some bottom fishing around these levels, although I would rather buy it a little higher, when it shows some signs that it wants to go "on the way up".<g> Message 21398735 It seems to have a good amount of resistance at the 7 level before it can retest its May 20 H at 7.85 It will probably retest its nearest support at the 6.25 level or come all the way back to 6 (the June 17 L was 5.98) The insiders sold in December and again in May. Revenues in the first Q were 38% less than in 2004 albeit they managed to cut down some on the loss (compared to 2004, but more than double on a sequential basis <g>) For 2005 the EL is more than double than in 2004 ($1.25/shr vs. $0.63/shr) and for 2006 the EL is around $1.66/shr. It seems that they will have to come up with some good news.<g> Looking at it from a weekly perspective, the volume has been low since the first week of December 2003 when 6,612,400 were traded and that was an up-week.<g>(O=8.30 H=11.91 L=7.10 C=9.88) On the week of November 12 2004 and the one on January 14 2005 the volume was able to make it above 1M. (Both of those weeks were up-weeks.<g>) bigcharts.marketwatch.com Bernard