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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Jonathan Schonsheck who wrote (3527)4/6/1998 7:16:00 PM
From: Harold Stone  Read Replies (1) of 4342
 
Good evening Jonathan,

Have to agree that indeed it was a very interesting day. The spread might only have been the MM protecting themselves? My minute by minute ticks didn't show any significantly large blocks being traded however it did occasionally show as many as 3 - 10K trades during any given minute. Think the real money is still holding back. If we can get a few 100K + trading days in addition to some small price increases I'll feel better. I really want to see it break out of this .40 - .50 trading range then I will feel more confident that we can look to the next plateau. ((3/4?)

Leo what's your feeling about the price moving too high prior to any company announcement (if there is one). Could the market be building news into its price in advance and regardless of the news we might not see much movement? Appreciate your comments.

Harold
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