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Biotech / Medical : Paracelsian Inc (PRLN)
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To: Jim Schnereger who wrote (265)7/26/1996 11:00:00 PM
From: Michael Yang   of 4342
 
Jim,

Thanks for your kind words. While I have relative ease to comprehend the science that is founding a biotech, the market performance is still a big mystery to me. I realized a long time ago that good science does not mean good stock prices, but I always retained hope that one day the market will realize the potential of this little company. Having had little experience in investing, I am still learning to understand why the shine of biotechs comes and goes regardless of qualities of the industry as a whole. In fact it surprizes me that Wall Street now turns the back on the biotech while more and more companies have brought products to the market or in the final sprint to it. So in the future I will try to focus on those biotechs that are at pre-marketing stages and less on those development companies because I think the street wants to see revenues and profits. I still retain PRLN and dream that one day a feature article about it will be in the New York Times when their story on the mos kinase comes out. On the other hand if the bears crushes us like they did in the last months, I will pull out because I will have to hand out the cash to my wife (that was a deal). What ever, it is a great company and one has to have 1-2 years terms in mind.

Best of luck,

Michael
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