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Biotech / Medical : Paracelsian Inc (PRLN)

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To: paul goldstein who wrote (1478)2/3/1997 9:35:00 PM
From: Elllk   of 4342
 
Paul, good work. My impression from todays trading is that your efforts produced a good amount of upside volume. Since it didn't move the price much and since, in the past, much less volume has done so (even without taking into account that the market makers will often give the impression of more valume when they want to by marking it to market a few times and doubling or tripling the actual volume) it makes me think someone is at pains to minimize volume appearance and is sitting on the price for the time being. I would guess that if a move is coming, the first foray is going to be before the conference because if someone is sitting on the price they cannot feel totally confident about being able to control response generated at the conference and will want to take some advantage before that. On the other hand, my sense of market manipulation may be over active here.

Larry
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