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Biotech / Medical : EntreMed (ENMD)

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To: MJR who wrote (835)5/7/1998 10:43:00 AM
From: Lucky  Read Replies (1) of 2135
 
Based on recent trading I would have to think there is a short position of over 4 mill shares if not more.With the whole float close to short we might see a smaller version of KTEL here as the shorts scramble for stock now.
Expect to see 40 plus by tomorrow as the sellers are gone and those thinking of selling regain some confidence and pull their orders.I went long at 30 based on the previous assumption.
The shorts are now scrambling to cover before profits evaporate.
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