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Microcap & Penny Stocks : Pharmos(PARS)
PARS 2.700+13.6%Jan 21 4:00 PM EST
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To: Richard Huth who wrote (1151)8/20/1998 8:42:00 AM
From: wolfdog2   of 1491
 
Richard, I pretty much agree with your sentiments regarding the significance of the insider purchase and the script data. I wouldn't draw any inferences from the action of the share price, however. You need to look at biotechs as a universe. Strangely enough, even though biotech companies are not in a any way fungible, the group tends to move together. Biotechs are currently in the bargain basement. Take a look at CORR and COB (both with commercialized products) or LGND and ISIP (with soon to be commercialized products) for example

If we get a major market decline, PARS could move lower still. I would see that as a major buying opportunity.

OT: For anyone looking for another biotech investment, Columbia Labs (COB) is worth investigating. The stock has been under tremendous pressure from the shorts for some time. A dissident group has recently taken a large position in the company. Their express goal is to increase shareholder value. The company has several commercialized products, the most important one is Crinone. COB could easily earn over $1. The stock currently sells for less than 6. Anyone interested should check the SI COB board. Not long ago I wrote an analysis of the company's prospects and posted it on the COB board.
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