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Biotech / Medical : Paracelsian Inc (PRLN)
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To: Judy Muldawer who wrote (2615)4/30/1997 5:18:00 PM
From: Rick Costantino   of 4342
 
Judy,

Probably speculateive buying, and for people like myself who sold off some shares over a month ago before PLRN really plunged, a chance to buy back at a lower basis while taking a tax loss. I am considering buying back some more myself, but (1) I have serious doubts about PRLN's ability to really survive and (2) belive it or not, I think it is overvalued considering today's action.

AS you point out, with so many shares traded lately, there is a considerable base building here.

Rick
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