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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Hank who wrote (2256)4/3/1997 10:50:00 AM
From: John Lacelle   of 4342
 
Hank,

I think you nailed it on the head. Us biotech investors have seen the
claws of the bear since last July. Does anyone wake up in the middle
of the night and wonder why they own shares of small cap biotechs?

I cannot help but think that companies like PRLN have lots of great
earnings potential on the horizon but that the rest of the market has
not found us yet. But then I always remember the words of the great
investor Peter Lynch of Fidelity who said recently "Its earnings that
drive the market...earnings!!!". Paracelsian needs earnings...

-John
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