Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Rick Costantino who wrote (614)	10/10/1996 7:49:00 PM
From: WWS	of 4342

Rick, I liquidated about 1/2 of my position as stock declined from 3.5 to 2.5. I do try to time my positions to catch an up wave, and will always sell out at least part of my position if I'm wrong and the drop exceeds 25% of my starting price. Only when I really like a stock will I hold on to any shares during a decline of this size. The fact that I still retain 1/2 of my original PRLN position indicates my faith in its intermediate-to-long term prospects. Plus, the way this stock has dropped, gradually and on low volume, indicates that the decline is due more to "no good news" rather than to a sell-off after bad news--an important difference to me in terms of the prospects for a quick turnaround should news be forthcoming.

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