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  • Stocks in Action on Wednesday | 11/17/2010 | RHHBY | HGSI | FLXT | RINO |

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    Wednesday Nov. 17, 2010, 06:38 am EST
     
    Stocks To Watch Today RHHBY, HGSI, FLXT, RINO
     
    Dear Traders,
    RHHBY - Roche Holding Ltd. (ADR) (PINK:RHHBY)
    Roche Holding AG, the world’s biggest maker of cancer medicines announced today that it will cut 4,800 jobs which will help it save $2.4 billion. This cost-reduction is planned to offset price pressure from health reform and drug setbacks. Earlier this month Genzyme Corp. and Biogen Idec did lay-offs in the name of restructuring.
     
    HGSI - Human Genome Sciences (NASDAQ:HGSI)
    Human Genome (HGSI) shares jumped 9% in after hours to $28.25 U.S.-listed shares of Glaxo (GSK) gained 2.5% to $39.57 after they announced that a U.S. FDA panel voted 13 votes to 2 to recommend approval of their jointly developed experimental drug to treat lupus.
     

    FLXT- Flexpoint Sensor Systems, Inc. (OTCBB: FLXT)
    Flexpoint Sensor Systems, Inc. (OTCBB:FLXT) is surging on heavy promotions. They also announced receipt of an additional follow-up production purchase order from Intertek Industrial Corp. for products, including sensors and the associated electronics, to be utilized in Intertek’s Protek Passenger Awareness System which features Bend Sensor® technology. But you should be careful while buying such pinksheet stocks.

    RINO-RINO International Corp. (RINO)
    RINO International Corp. (RINO) lost 10.63 percent in the after hours trading on Tuesday. Law firms Roy Jacobs & Associates, Rosen Law Firm, Glancy Binkow & Goldberg LLP, and Faruqi & Faruqi LLP are investigating possible violations of laws as certain statements regarding the company's business, operations and prospects misrepresented RINO's financial performance. RINO earlier announced almost 50% drop in their quarterly profit and reduced their year round revenue forecast.

    God Bless,
    Be Rich.

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