Pretty nifty chart as the stock closed at $4.25 today, a new high. The price still looks cheap to me as I expected this price on approval of fortical. If we get word of China approval and/or a pth milestone, there is a potential for a move to $6 short term. I now believe that a pe 30 multiple gives us a realistic shot at $15 by the end of 2006. Institutions seem to be starting to buy. While the BI Research recommendation was a big catalyst for the move to +$4, coverage by a major brokerage will make this move seem like small potatoes in retrospect.
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