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Biotech / Medical : Pharmos (PARS)
PARS 2.700+13.6%Jan 21 4:00 PM EST

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To: yosi s who wrote (965)1/21/2000 4:59:00 PM
From: arnie h  Read Replies (1) of 1386
 
Yosi: I'd remind the thread we were told in the Annual meeting that the results from the 2nd cohort would be unblinded in the middle of January. As we are now just past the middle of January, one would presume the trial has been unblinded. There are a number of possibilities for the stock price movement as a result. The most favorable is that some have been able to read the 'body language' and decided results are positive. Since prior results were not strong enough to interest other primary players in an arrangement of sufficient interest, perhaps the guess is that the new results will do the trick. Another possibility, of course, is that some have read the tea leaves and decided to pump the price through rumor so they can bow out gracefully. In the light of the good price movement, and today's close above a resistance point from a technical perspective, the former seems more consistent. We'll know in a bit after the results are digested and interpreted.
Regards,
Arnie
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