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Biotech / Medical : Paracelsian Inc (PRLN)
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To: Richard Mazzarella who wrote (310)8/23/1996 12:39:00 PM
From: Rick Costantino   of 4342
 
PRLN has relaxed somewhat, as you said. This is perhaps related
to an increase in the float as discussed earlier. I think one the
$4 resistance is broken, things could fly. However, this may take
a while.

BTW, I called my broker and asked about PRLN. He replied
"That's a hot little stock!" No one has an official coverage of it
at Dean Witter (they very rarely cover small caps) yet, but he
has heard people talking about it. The Biotech fund manager has not
bought it back (he bought in when I did, averaging around the
$1 1/2 level, and sold at 3 9/16). I told him about the possible
conference call next week and the compassionate use trial. Maybe
that can get things stirred up? I doubt it, but you never know.

Rick
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