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: yosi s who wrote (1183)	8/27/1998 9:40:00 PM
From: arnie h	Read Replies (1) of 1491

Yosi: Perhaps I'm alone but I was encouraged by today's price action. Despite the rather inspired market selloff, PARS is holding above the $1.75 level I pointed out previously as a key support level. This despite the heavy distribution being shown on the Worden charts I follow. Selling has been at their 100(max)level since Thursday, 8'20. It could be the hedgers are helping to keep it up since they need a price in the 2's to get out OK. I'm oriented now to the short interest which will be out this weekend. For some time now, whenever the short interest has risen to a new high, the price has dropped significantly the following month. When the short interest has dropped to a substantially lower level, the price has risen the following month. I generally learn this Saturday am and will post then,if so. Had a question on the price BOL gets from one of our prescriptions. Any idea? Pleasant dreams, Arnie

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