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Biotech / Medical : Paracelsian Inc (PRLN)
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To: richard davis who wrote (879)11/16/1996 2:35:00 PM
From: Richard Mazzarella   of 4342
 
Richard, as Paul took issue about my statement about why the stock was moving (you gota love that Paul), I thought some more about it and have another thought. The market is a discounting mechanism that works 6-9 months out. Anticipation of products should have the stock moving now. The intensity of the move would be a reading of how much the market believes PRLN. It will probably be much less than us IMO. And then, I could be all wet. We have to be careful about reading too much into the conference because the conference it a marketing meeting, not a science meeting.

PS, I expect a monster selloff of the general market any day now. If you keep some dry powder, you could get some of the non earning stocks for cheap. PRLN would fit that class.
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