Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Harold Stone who wrote (2479)	4/20/1997 8:24:00 AM
From: Richard Mazzarella	of 4342

Harold, I speculate that Friday's selloff was prior management, or larger investors. The quick decline from $1 is typical of capitulation. Remember that the "story" of this stock for many people is the Business Week recommendation of "Hot Stock" last year. Declining stocks that break $1 aren't hot anymore. There is also an emotional problem of breaking $1. I now expect the stock to do either continue down with more selling pressure, or a return bounce to around $1. Which way it goes is completely in the control of the company. A news release that discusses what happened and company plans, the stock goes up. No news and selling continues. If anyone fundamentally believes that PRLN has useful products and feels like vomiting, this is the time to buy. It's always darkest at a bottom. The current price is where options trade.

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