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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: David Israel-Rosen who wrote (1326)10/5/1998 8:35:00 PM
From: arnie h  Read Replies (1) of 1491
 
Hi David: Despite the drop in price the past few days, the indicator
I follow has stayed on the accumulation side, albeit barely today. It's hard to believe the Company would publicise the teleconference for the HU 211 paper if bad news were the order of the day. My guess is we are running into selling by folks who have been slammed by the global problems and need to raise cash to stay afloat. It's times like this that being a long term investor has appeal.

We should get a bounce by weekend, unless the market continues its downward spiral at an accelerated rate.

Hope you had a good trip to Israel.

Arnie
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