Tokyo Joe's Cafe / Anything goes Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes

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To: TokyoMex who wrote (14300)	5/4/1998 9:38:00 PM
From: Matthew Cooper	Read Replies (1) of 34592

Joe, I just wanted to point out a few things about ENMD. I was lucky enough to short it at open around 81 and then cover at 45 today. Then I made and LOST money daytrading it (why can't I just sit still?). I then shorted it again at 53 towards the end. I highly advocate others to do this as well... here's why: ENMD has just purchased the rights to the new drug. This new drug has shown efficacy in MICE. MICE are NOT HUMANS. I specialize in this area of research (rat/mice/human concordance) and must say the chances of this drug being effective in humans is slim, yet possible. Wall Street severely over-hyped this stock today... I even saw it touted as a "cure" for cancer in several places. This is ridiculous. It is a treatment, not a cure. Even if this drug works in humans (and that is a big "if") it will be several years before we know. The company is strapped for cash and is courting larger drug companies so that they can afford to proceed with the PhaseI, II and II trials. Don't get me wrong, this company has potential, but I see no reason for the $53 evaluation. IMHO, we may see $25 soon.

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