Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Jonathan Schonsheck who wrote (3822)	8/4/1998 9:07:00 PM
From: John H. Farro	Read Replies (1) of 4342

Jonathan, I hope I'm not speaking too soon. For all I know this could drob to $1 tomorrow. But usually a day like today triggers more than a few margin calls. Those with margin calls often sell off their riskier small cap stocks. . . stocks like PRLN. The fact that we didn't get a selloff tells me that those who own the stock appreciate the gem that PRLN is and will not sell their stock until they can make a significant profit or unless they are under severe duress. I wouldn't read too much into today's price rise because the volume was relatively light. But I suspect that if sellers are few then any new influx of buyers could really drive this stock higher. There is also an alternative explanation. Leo said he mailed off his newsletter on August 1. Maybe we are beginning to see some buying by his readers, although I think this explanation is not as likely as the first one I offered. His readers haven't had that much time to digest the information and do their own due dilligence yet. And the relatively low volume suggests we have yet to see an influx of new buyers. Robin

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