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Biotech / Medical : Paracelsian Inc (PRLN) -- Ignore unavailable to you. Want to Upgrade?


To: Jonathan Schonsheck who wrote (3822)8/4/1998 7:17:00 PM
From: Elllk  Read Replies (1) | Respond to of 4342
 
Jonathan

In yesterdays market I was happy with PRLN edging up 1/32 back to 1. Today I am ecstatic. This kind of market usually took something out of PRLN in the past. I am pleased with any gain in todays slaughter. PRLNs performance makes me think more news may be coming "sooner rather than later."

Larry



To: Jonathan Schonsheck who wrote (3822)8/4/1998 9:07:00 PM
From: John H. Farro  Read Replies (1) | Respond to of 4342
 
Jonathan, I hope I'm not speaking too soon. For all I know this could drob to $1 tomorrow. But usually a day like today triggers more than a few margin calls. Those with margin calls often sell off their riskier small cap stocks. . . stocks like PRLN. The fact that we didn't get a selloff tells me that those who own the stock appreciate the gem that PRLN is and will not sell their stock until they can make a significant profit or unless they are under severe duress.

I wouldn't read too much into today's price rise because the volume was relatively light. But I suspect that if sellers are few then any new influx of buyers could really drive this stock higher.

There is also an alternative explanation. Leo said he mailed off his newsletter on August 1. Maybe we are beginning to see some buying by his readers, although I think this explanation is not as likely as the first one I offered. His readers haven't had that much time to digest the information and do their own due dilligence yet. And the relatively low volume suggests we have yet to see an influx of new buyers.

Robin