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5/27/2010 9:21:22 AM Eastern Time

Go Long CERS @ 2.94
By Charles Payne, CEO & Principal Analyst

Long Idea: Cerus Corporation (CERS) @ $2.94
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Trading Parameters
Entry Price	Entry Limit	Stop Loss	Trading Target	Target	Long-term Target	Options
$2.94	see comments	$2.45	$3.40	$4	N/A	N/A

SKINNY: Go long CERS @ the market– The stock has been under pressure in line with the rest of the market, but is beginning to fight back. The next level of resistance is at $3.00 and through there, we are looking for the stock to move to our first target at $3.40 and then $3.60. The Company reported revenue growth of more than 78% and restructuring efforts are improving the Company’s operations and cost structure. We would like to see the Company spend a little more on research and development to prevent it from becoming a one-trick pony. The Company’s INTERCEPT product set a new quarterly record during the first quarter, and the Company was chosen by the Swiss Red Cross to fully implement its INTERCEPT product in 11 of the 13 blood centers. We recommend using $2.45 as a stop loss.