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 31.91

+1.9%

Nov 7 9:30 AM EST

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To: Douglas who wrote (218)	8/3/1997 2:45:00 PM
From: Douglas	of 455

In my posting #213 I had estimated the institutions and executive ownership at 58.22%. An updated QuickSource Report from the WallStreet Research Network (WSRN) puts the number of institutions holding shares at 17 (unfortunately, they don't list them). This is more than I had listed. WSRN had the number shares held by institutuions at 53.7%. This is approximately five percent less than what I had. It seems that someone was selling! Even with Friday's close being down, less shares (large blocks) are being sold on the market. I believe the selling pressure is over and price increases will come on good news.

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