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Biotech / Medical : Paracelsian Inc (PRLN)
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To: Elllk who wrote (1604)2/10/1997 5:48:00 PM
From: TATRADER   of 4342
 
Larry, my basic assessment was that if the stock could hold above 2.00, a new uptrend was in place....As I mentioned before today, the stock would encounter resistance in the 2.18-2.35 area....That's what you saw today, btw....If I had the time tonight, I would do a volume study to see how much volume it will take us to get through this, but I have to be back at work in 5 minutes...I am short-term bullish....A play exists with this stock from here to the 4.00 level....I see a sell-off at that level, opportunity to rebuy at a lower price, and then the retest of 4.00....Still not a long-term bull, but if Richard M. believes in this company,all of you fundamentalists might be on to something....Regards, Mark
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