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


To: manny_velasco who wrote (1303)7/22/2005 11:57:41 AM
From: Jibacoa  Respond to of 3722
 
Manny, since my previous comments on ALTH, it managed to trade yesterday above its May 19 H of 2.40 albeit it closed below it (at 2.29)

Message 21422625

Today its H of 2.39 at 9.30AM was made on a 100 shares trade and the volume has not been as active as yesterday.(Yesterday at 2.00PM there were some good upticks of 28Ks & 10Ks and the price went up from 2.24 to 2.45 <g>)

The nearest resistance is now at 2.45 and then the May 3 H at 2.49 and the March 4 H at 2.67 before it can test the December 10 H at 3.02

bigcharts.marketwatch.com

If it can go through that last hurdle, it could get to test the June 2004 H at 3.46 (The April 2004 H at 5.18 seems to be out of reach, at least for a while.<g>)

bigcharts.marketwatch.com

Some insiders bought in June at $1.85 (Private purchase below the trading price above $2 <g>)

The loss on the 1st Q was cut to $0.15/shr vs. $0.17/shr in 2004 and the EL for 2005 is around $0.50/shr vs. $0.70/shr in 2004 and $1.04/shr in 2003 but the EL for 2006 is around $0.60

ALTH reportedly has around $1.76 in cash/shr and no significant LTD The BV is around $0.60

Bernard