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Biotech / Medical : Paracelsian Inc (PRLN)
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To: Frank Sprenger who wrote (373)9/4/1996 2:22:00 AM
From: paul goldstein   of 4342
 
someone asked me, what happens at five area when it gets there. well, i believe it will fly pst there and go up to a serious number. i won't predict a number becasue it is not inportant. for us, the game is...stocks go up and down for many reasons. just because we buy them does not mean they rise five minutes or two weeks later.prln has many products in the "pot". soome are going to be big winners. time frame? next four months.
will they go bust? i don't believe so and have put my money on them.. going back i remember when they had no money and cornell had to cash in some warrents and convert to give them cash to operate. if i did not sell then and was not concerned then, i certainly ain't worried now.
as to the price.. i see the bottom at 3.25 and the top at four bucks till some real news comes out that the"street" hears and likes. it will take moving up to clinical phase two, or, funding by a big company, or, some thing big to move us past four.
remember the company is going at their pace not at our pace for a stock run up..
the volume is low meaning few sellers. the buying is the market makers till we see 3and 1/8 to 3 and 1/4.. at that price volume will jump and the price will go to 3 and 5/8 , maybe 3 and 3/4
if we see this story play out i will pick up some at 3 and 1/4 and will sell it at 3.75 .. maybe 3 and 7/8 if lucky.
of course real hard news will push it up two points someday.
the cancer tests are going well the same with the aids testing.
the conference call told it all in a updated form.
think i must be bullish on this stock..grin...
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