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Biotech / Medical : PRCY - ANY BODY HAS ANY NEWS ON THESE -- Ignore unavailable to you. Want to Upgrade?


To: Chris Nevil who wrote (580)1/23/2000 1:45:00 AM
From: Wazzu73  Respond to of 670
 
Exactly.

A large stock in this sector will certainly sway with the prevailing breeze but I have not seen much of that in BB stocks. The ProCyte story is what is going to make this stock really move. I heard through the grapevine that a couple of stock brokers picked up PRCY on Wednesday of last week and began calling their clients, suggesting they purchase now before the BIG JUMP. I believe that is the reason behind the out of pattern 50% jump on Thursday. It is truly amazing that this stock could jump so much on just 400,000 shares traded. That is peanuts. It shows you that there is not much interest in selling.

I reiterate that this stock will explode on real news. The relatively low number of outstanding shares will exacerbate the move.



To: Chris Nevil who wrote (580)1/23/2000 10:55:00 AM
From: Terry Whitman  Read Replies (1) | Respond to of 670
 
I've heard that one before- "It's different this time." I'm not ruling that out, but revenues have been improving for some time now- and all of the sudden the street gets excited about PRCY, and many other biotechs at the same time. Particularly small cap ones. If the overall market holds up, and the Biotech sector in particular, PRCY will probably do well.

www2.marketwatch.com

This may be a case of Buy the Rumour, and Sell the news too. I think it is a good idea to be careful here. The chart suggests it will be safeas long as the 7/8 area holds.