Procept (PRCT): 50% rise on high volume. Why? Message Board

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Biotech / Medical : Procept (PRCT): 50% rise on high volume. Why?

PRCT 29.67

-2.5%

3:59 PM EST

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To: John Crovelli who wrote (10)	6/29/1996 12:43:00 AM
From: John B. Anderson	of 455

To: John Crovelli / All Good question. I wish I could give you a definitive answer. Personally, as regards PRO 2000 trials, I hope we don't hear anything for a couple more months, as that may indicate some success. If we hear something soon, that may mean there were some troubling toxicities observed, bleeding or abnormal liver enzymes detected in subjects. The most recent information I have says the company themselves presently doesn't know how the trials are going (per the design of the study?). As to the timing of partnership announcements, I doubt anyone has that information (who at least can talk about it). There are so many possibilities in the future of PRCT that I am content to wait patiently. I noticed a significant increase in short interest in the lastest OTC report. Either these shorts have better information than I have, or much worse -- because knowing what I do, if I were short this company, having this exciting technology, selling at this mini cap rate, I would not sleep nights. These shorts -- two days worth of normal volume -- will have to cover on ANY announcement of substance, which should just flat out blow the roof off this baby.... Hope this is helpful. Stay in touch and let me know what you learn! John_B_Anderson@prodigy.com

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