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Biotech / Medical : Paracelsian Inc (PRLN)

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To: LEO RISHTY who wrote (3737)7/21/1998 2:04:00 PM
From: Harold Stone  Read Replies (1) of 4342
 
Jonathan,

I think we can put a couple of other items in the mix that will influence the price in addition to the Press Release.

Brokers must take an interest and start recommending it to their clients. It wouldn't surprise me if most brokers haven't even seen the PR yet unless a client has called and told them that there was news on the wire. A lot of brokers don't receive anything but the DOW news and I have found I've had the news as much as 3-4 hours before my broker and had to send him a FAX.

The MM's also play an an important part in this scenario.

Something to keep in mind about the DOW is that they publish news that they consider noteworthy whereas PR News Wire among other services print news releases. It might never show up on the the Dow if they don't consider it new worthy It's been my experience that you might never see a DOW news article. I don't think they are predisposed to publishing news about "Penny Stocks".

Harold
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