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Microcap & Penny Stocks : Pharmos(PARS) -- Ignore unavailable to you. Want to Upgrade?

To: Zvi Steinberg who wrote (630)	4/21/1998 7:03:00 PM
From: Rick Strange	Respond to of 1491

Zvi, I'd speculate that there is maybe another factor in the announcement that may have prompted some to sell today. There was a lot of "hot money" that jumped on the stock when approval was announced and for the most part these people have a profit. My thinking that these people were expecting a roll-out within 6 weeks and the price would surge upon that announcement...and they would take their profit. The announced roll-out date is now June 1st. which is later than most of us thought. IMHO some of the short term players took some chip off of the table rather than wait another 6 weeks. Finally, even if HU-211 wasn't in the pipeline PARS is substantially undervalued on the strength of Lotemax and Alrex.