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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: Ariella who wrote (1202)9/1/1998 10:21:00 AM
From: arnie h   of 1491
 
Ariella: Thanks for the update. Things continue to be quite positive.
And I'm happy to see the price holding at the $1 3/4 level despite the
market carnage. The distribution vs. accumulation indicator I follow is still showing distribution so I don't think we're out of the woods yet but that can turn around any time.

I'm not too worried about the timing of any positive news vs. a bad market climate. Money coming out of the market now will have to find a home and companies offering up positive and significant news should benefit nicely.

Glad to hear PARS still thinks they'll be OK moneywise past the 1st Q'99. If they can get the price up to say $5, I wonder whether a secondary offering might be useful.

Regards and thanks again,
Arnie
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