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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Elllk who wrote (3959)10/29/1998 1:21:00 AM
From: paul goldstein  Read Replies (1) of 4342
 
LARRY, the trading pattern would indicate that no one is buying or selling.
the normal volume would probably be about 5ooo shares a day..
but, if someone or group wanted to take a position with out a "fuss"..
all they would have to do is buy about 50 thousand shares a day.
so we would see blocks of 5 or 10 thousand shares ..at a trade.
if it were the public we would all know and see several hunderd transactions.
what we see is buying from the market makers who have little stock to sell..they sell stock others have to sell, not theirs
so, hope we see a repeat on thursday and we could see over the buck level.
now over a buck and sellers should appear like mice at a feast ..only way to stop sellers over a buck is with real news, not a few crumbs..
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