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Biotech / Medical : Paracelsian Inc (PRLN)
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To: Judy Muldawer who wrote (2615)4/30/1997 11:10:00 PM
From: Harold Stone   of 4342
 
Judy,

My feeling is that there is a lot of speculation as I indicated to Rick D in the previous post, its a 8 for 1 sale. Can't find anything to indicated otherwise in todays trading. Someone could be accumulating but I'm not good enough to detect it. Forty trades and only remember 2 or 3 block trades of 10K, the rest were all smaller. Speculators probably aren't spending more money, just getting more for it.

Since you have an interest in volume and at the risk of boring the thread let me share something with you.
1.With this type of speculation I primarily use price and volume as my
guides. My volume indicator is a modification of "On-Balance Volume Indicator" (E-Mail me if you want the details on how its calculated)
The chart is constructed from 1 minute tick data and updated automatically to show previous hours trend.

Starting late afternoon on the 17th there was some selling off which I saw but didn't think important. On the 18th (the big volume day)strong selling started at the opening and continued until around noon when momentum changed to a buying trend and ended the day that way. This trend continued until the 23rd, there were reversals during the day but each day ended with positive buying. From the 24th till today I show a leveling off, much like a base is forming, although there was some late afternoon selling today. Have to wait till A.M. to see if it has any signifigance.

I always use other imput before making either a buy or sell decision if I have any doubts I usually wait.

Don't know how I got on this subject. Hope it gives you some insight on how I view the activites of the last two weeks.

Harold
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