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Biotech / Medical : PRCY - ANY BODY HAS ANY NEWS ON THESE

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To: Vip who wrote (179)7/15/1997 3:34:00 PM
From: Kenneth E. De Paul   of 670
 
Here's my rationale. I saw big valume yesterday with this stock and basically no real drop. I think the market (baldness) is a winner for their new stuff and it is only a matter of time. I also think P. Proctor is right with the company value analysis. I also view this as at bottom with nowhere to go but up. Your bankruptcy point is my only fear, so I will wait a bit and get more on their financials.
I have taken positions in turnarounds like this before and lost and won. You really need to get these turnarounds cheap like this and you only need 1 out of 10 to be quite successful. At least that is my current situation.
Good luck to you.
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