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

To: Eagle who wrote (3010)	7/2/2010 2:37:33 PM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

SRLS dipped below the $3 level earlier and is still down 3.23% on volume about 2x its ADV bigcharts.marketwatch.com After breaking the $5 support on June 18, the stock was on its way to close its April 29 UG, but it went beyond that and the DT not only continued, but it accelerated and the stock broke supports at the $4, $3,50 and today at the $3 level.<g> bigcharts.marketwatch.com It is trying to make a come back today, but it seems it will be difficult for it to be able to make a day reversal, since it would have to close above $3.41 and that although possible, seems unlikely under the general market present environment.<g> From the fundamental standpoint, I am not aware of any adverse news. The current EE for 2010 & 2011 are around $0.40 & $0.50 vs.$0.02 in 2009 SRLS revenues and earnings were better on the 1st 2Qs both compared to 2009 and on a sequential basis, with earnings showing triple digit improvements. It has moderate LTD and CF remains positive. finance.yahoo.com One negative is the insiders were selling back in February. They have been buying by exercising options. finance.yahoo.com Although SRLS has had serious "tanking" episodes in the past, I expect that it may be able to resume its recent medium-term UT. But its not usually prudent to bet against the market, unless one is a pure "value investor".<g> I have always felt that the best time to buy stocks is on the way up and to always keep protective trailing stop losses. bigcharts.marketwatch.com Bernard