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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: Gabe Fernandez who wrote (1174)8/25/1998 1:43:00 PM
From: Ariella   of 1491
 
Dear Gabe, I've just had a long call with a PARS follower in Israel.
We talked about the recent speculation that waves of selling were coming from Israel based on volumes done through Oppenheimer (that brokerage company does about 50% of all Israel trades on US stocks).

My source tells me, however, that the speculation is wrong. Oppenheimer is the largest MM for PARS, so large selling might have come through it BUT he's been told that Israeli's were net buyers of PARS recently.

All in all, I'm feeling ok about my investment despite the price decline. Too many reports that PARS scientists are feeling quite upbeat; the choice of the Waldorf to "celebrate," the probable hiring of outside PR at a time when it would be prudent to save money unless we were expecting HU-211 to go forward, the spring insider purchases. What's coming from the company sounds good; what's coming from investors who are reading tea leaves through the stock price sounds bad. Our nervousness is understandable, but I think those of us that stick it out will be rewarded.

As for your question about about the second conference at which a paper on HU-211 is supposed to be delivered. On the August conference call Bob Cook said it would be in LA in November.
Sorry, don't recall the name of the group. Does anyone else?

Regards,
Ariella
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