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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Richard Mazzarella who wrote (594)10/5/1996 2:59:00 PM
From: Charles Holewinski   of 4342
 
I have been in this stock for about a year and have followed it for about 2 1/2 years. Was able to make some nice money in it. From my observations PRLN moves when they make some announcement about some discovery like... PRLN announced that XYZ has demonstrated activity against abc form of cancer. That usually will get the stock to pop about 2 to 4 points. Then without further word or follow up the price settles down till the next discovery. The main problem I think is that PRLN doesn't seem to carry on further research after finding some potential activity of a compound. To make it big PRLN must do R/D and develop the potential of these compounds into marketable drugs. Then they will make it big.
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