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thewall2006

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thewall2006

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Saturday, 02/25/2006 6:53:40 PM

Saturday, February 25, 2006 6:53:40 PM

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XKEM has a lot of room to run. It was pushed down hard and fast when it should have maintained an uptrend.

My take is that is was pushed down so the company could repurchase the outstanding convertible debt, per January PR. "Xechem Completes Repurchase of $3 Million Convertible Loan From Alembic - Thursday January 12, 6:30 am ET"

Add this to collecting the settlement money ("Xechem Closes On $4.2 Million Lawsuit Settlement With Bristol-Meyers Squibb - Wednesday January 25, 6:30 am ET") and you have a company in a MUCH better position than when it was trading @ .03 with a LOT more interest.

Now its returning to its fair value with massive momentum behind it. It should push through critical resistance pivots without a problem. XKEM is easy money from these levels IMO.




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