Pharmos(PARS) Message Board

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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: one putt who wrote (1159)	8/21/1998 12:49:00 AM
From: Ariella	of 1491

Rumors on the Yahoo thread that today's volume comes largely from an Israeli-based seller sound credible. But NOT because something is wrong inside PARS. Rather, the upset in the Russian market has spilled over into other emerging markets, Israel included. Investors are pulling money out of funds at a rapid clip. The forced redemptions make managers quickly liquidate holdings to get cash to give out to customers. The forced liquidations lower prices, which makes more people panic, and so on. haaretzdaily.com Doesn't make for pleasant life in our stock. -Ariella

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