Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Harold Stone who wrote (3176)	8/27/1997 12:06:00 PM
From: Hank	of 4342

Harold, You're right. On a percentage basis it sounds pretty good. However, I doubt that it's day traders. You'd have to buy too many shares to make any money when you're talking 1/16 and 1/32 price swings and there's no gaurentee that you could unload 5 or 10 thousand shares at the drop of a hat here and still make money. Day traders usually focus more on heavily traded stocks. Maybe there are day traders out there that dabble in penny stocks but it sounds pretty futile to me. Then again, nothing would surprise me in this market environment. As for the software I use it's Telechart 2000. I've only been using it for a few months now but it's proprietary indicators seem to be very reliable for short term trading. It's helped me make a lot more money than I would trying to guess price swings from basic charts. I haven't tried any others yet but if you have some to suggest, I'd be willing to take a look at them. By the way, are you watching ADTN today? It's entering it's corrective mode now. I'm looking for it to bottom out in 3 or 4 days before buying back in. I almost went short yesterday at $44 but I chickened out. I've got this mental block when it comes to playing the short side I guess. Hank

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