OSCI - Momentum Alert

[Ramsburg]

Not a trading draft, this is more like a watch list alert.

OSCI is gaining a lot of momentum right now, up 10 cents while I was getting to post this

[njshiva]

WOW!! up 24%.
Great pick Ramsburg

[Ramsburg]

WOW!! up 24%.
Great pick Ramsburg

Thanks njshiva,

Unfortunately not in time to be an official pick for the portfolio, but still a great intraday ride...

I still see some potential for OSCI, probably the $1.70 resistance level or the ema-200 are the target of this rebound. Volume has been quite impressive too.

Regards,

[njshiva]

scient Pharma 2Q Loss Widens To $23M; DOJ Clears Buy
Dow Jones Newswires - August 08, 2006 11:58 AM ET

Related Quotes
Symbol         Last    Chg
OSCI    Trade    1.15    -0.07
Real time quote.

DOW JONES NEWSWIRES

Oscient Pharmaceuticals Corp.'s (OSCI) second-quarter loss widened to $23 million from $21.7 million a year earlier.

On a per-share basis, the company's loss narrowed to 25 cents from a loss of 28 cents, as average shares outstanding rose to 94 million from 76 million.

Analysts surveyed by Thomson First Call had, on average, predicted a loss of 26 cents a share.

Oscient, a biopharmaceutical company, recorded total revenue of $4.55 million, up from $4.24 million.

Oscient also said it expected its recently announced acquisition of Antara, a cardiovascular drug, to reduce seasonal fluctuations in the company's revenue. The company announced it had been granted early antitrust clearance by the Department of Justice for this acquisition.

Shares of Oscient Pharmaceuticals recently traded at $1.07, down 15 cents, or 12.3%

[njshiva]

looks like too many threads on OSCI.
HUGE volume we got here