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Biotech / Medical : EntreMed (ENMD)

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To: PK who wrote (667)5/5/1998 12:12:00 PM
From: Tim Oliver  Read Replies (2) of 2135
 
I think I found out why the stock is not falling today after the downgrades. I called Schwab to short the stock at 49 1/2 and they said there were no short shares available currently. It sounded like there's a long line in front of me for short shares. He said all I could do is keep trying later.

Until the fantasy wears off, it looks like I'm a day too late to short the stock. There likely won't be a short squeeze (for at least a year or two <g>), but probably a boring gradually descent with some volatility mixed in.

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