Javelin Pharmaceuticals Inc (JAV)

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<Not much of a technical analyst but ole Golden Leopard from I Village talks about looking for that "W" bottom as a signal that it's time to buy. Looking at our chart from Oct. 1 until today sure looks like the last leg of that "W" formation.>

$4.45 support held up pretty good today as expected even tho the bears tried to take it lower during the first couple of hours of trading but couldn't. the bulls then stepped in & took control moving it up nicely the rest of the day. while that mirrored today's dow & nasdaq daily chart, i expect jav's 3 month, 6 month & 1 year chart over the next 12 months will resemble today's jav daily chart, fwiw, though i anticipate the return over the next 12 months to be much higher than today's meager 5%

cheers

ps - the 3 year jav chart (which shows the uptrend all the way back to Nov 05 when jav was $.25) suggests further support at $4.25 (if the bears ever managed to penetrate $4.45 support)

i might consider putting in a couple of stinker bids at $4.45 and again at $4.27 just in case the bears are able to break the major support at $4.45 - if they do, chances are it won't stay down there very long, so it is always good to be prepared