Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: richard davis who wrote (422)	9/7/1996 11:03:00 PM
From: Richard Mazzarella	of 4342

Richard, I had comments on warrant/stock in posts 324 & 328. I have increased my position in warrants to 50% (shares) of my position. IMO small biotechs are very speculative and very few are ever successful. I don't look at them as long term investments. They only make sense as trading plays. Only because potential good news could explode them overnight is why you have to own them before the move. People should only invest what they are willing to lose. Chapter 11 comes to many overnight. A long term investment in a company like Merck etc. makes much more sense IMO. Maybe others have some ideas on this they would like to share?

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