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To: needawin who wrote (13612)	5/5/1998 12:14:00 AM
From: Jeffrey S. Mitchell	Read Replies (2) of 17305

Needawin, sometimes being outside a sector actually works to your advantage. In the case of ENMD I knew nothing about them until I read the NY Times article and thus reacted like one of the mass-media induced herd I guess. For example, when PLSIA was granted an FDA license for their teeth-whitening laser, the stock barely moved. Then the Wall Street Journal did a story about them and the stock went from 6 to 18 the next day. With ENMD, everything reported in the press was a rehash of what was reported by the company in Nature. In other words, don't underestimate the power of the mass-media! As for other biotech stocks, I am on record here for being a fan of RIBI. I don't like the management, just the product. Unlike ENMD,RIBI has already completed Phase III trials on humans and should within the next few days to months get approval in Canada for a cancer vaccine-- which would be a first anywhere in the world. SGP (Schering Plough) has already signed a contract with them worth $30M for worldwide rights (outside of Canada). - Jeff

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