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Strategies & Market Trends : APMP (formerly APM)

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To: Richard Haugland who wrote (11061)5/6/1998 5:16:00 PM
From: Richard Haugland  Read Replies (6) of 13456
 
WOW! Last week I bought 2000 shares of Entremed at 11 3/4. When I saw the NY Times story Sunday on its "cancer cure" I put in an order to sell Monday morning at 17 15/16 before going to San Diego for a couple of days, thinking that a 50% profit in less than a week would be pretty good. It filled in the first 2 minutes of trading Monday at 80 1/2!!! $137,500 net on a $23,500 investment in less than a week. Once in a lifetime (if one is lucky). The stock, which usually traded about 40,000 shares a day traded 23,000,000+ that day, or twice its total issued shares. I could barely type after seeing the selling price. Today it closed at $31.

Partly makes up for my losses in APM last year.
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