Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Rick Costantino who wrote (2430)	4/18/1997 2:04:00 PM
From: JOHN F. MORGAN	of 4342

Rick: Regarding price vs book, there are promising companies trading at less than book. MERCS is one as an example although not in class with PRLN re potential % gains. What concerns me is long term decline in price with no attempt to consolidate. I don't even see attempt to start rounded bottom. Most of you in at much higher levels almost cant afford to sell because any day it could have a decent bounce on good news. I dont have any idea what type news would be sufficient to cause this but it could happen and probably will. Just look at the chart going back two years and you will see. Conversely, frequently, some who have held are so relieved to be able to get out with minimum losses that they sell into this and kill the initial momentum. How many of you out there would sell if the stock bounced to 1.75 and started slowing by next Thursday? From previous price action the stock will retrace part of it's gains unless the news is so powerful that profits are imminent. Whatever, the price will likely go up and down, not in a straight line up. Keep the faith. It has to happen. John

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