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: NeuroInvestment who wrote (1378)	10/9/1998 11:42:00 PM
From: Ariella	of 1491

It is comforting to think an alternation in press release headlines would have had a significant difference on the stock action this week, but I don't think so. ABTX, an American agribiotech company that has just cornered almost half of the turf and forage grass market, announced it had hired Merrill Lynch to advise on selling the company. Initially the stock sold off and rumors abound now that the shorts are coming to take the stock down further. ECI Telecom from Israel had a Robert Stephenson analyst come out today and point out that Israeli exporters benefit from the relative devaluation of the shekel -- this after the company beat Q3 estimates -- yet the stock continues to plummet. Ruder Finn used that lovely word "blockbuster" in a press release for NEO (NeoPharm) on September 22. Note the downtrend since despite the very encouraging news. Could go on, but you get the picture. I own a basket of Israeli stocks and whether they have pre-warned or come in on target, people are dumping them. Why should PARS be different? Besides we're quite a way from earnings contribution from HU-211 even if it does end up as a blockbuster. And people who read the Boston Globe article could easily come away dismissing the trials because of the doctor's comment in the last paragraph -- however unmerited in this situation -- something over which PARS had absolutely no control. Meanwhile, I think the progress management has made in its PR work since last spring should be noted and congratulated. Ruder Finn came into the picture very recently and when the good news starts to roll in 1999, they ought to have a better game plan in place. Regards, Ariella

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