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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Hank who wrote (2513)4/22/1997 7:04:00 PM
From: Ron logo   of 4342
 
I would attribute most of the selling to the news releases that have recently been released. To loose leadership in a company is not a great thing, However I think the stock price has been so hammered down that it has to rise. I think most of the sell off is due to the public news. No, I do not take it as a serious threat to the future of PRLN because new mgmt. will be found, and the company and its assets remain the same only with new leadership. My price target is a conservative $1.50 in the next 3 months. From then on I would have to re-evaluate and come up with new estimates. This is just my opinion do not base your own buy and sell decisions on mine. My computer is showing a major oversold situation on this stock that is why I choose to buy at such a low price. This stock is trading below where it should be. The reason for the stock not rising in the last two days is a M.M. known as HRZG (herzog) If enough people continue to buy he will be forced into lifting his offer. If he does lift his 9/16 offer the stock will movwe quickly. He is but one M.M holding this stock down, There is no one else offering stock at 9/16, with not much resistance after he is off of the offer. There were also 2 more Market makers that joined the bid today at 17/32's its getting stronger. Come on everyone keep up the buying! We need to move HRZG. He can only short so much, try not to sell unless you have to it will only make it easier for him to hold his position. Good Luck to all in PRLN........RON
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