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Biotech / Medical : EntreMed (ENMD)
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To: Anthony@Pacific who wrote (1631)2/12/1999 12:38:00 AM
From: Clayleas  Read Replies (1) of 2135
 
<fact is Bristol could care less,, but my Guess is ENMD begged them to agree to softening the blow..so they were able to save a little face..

This is the most logical and intelligent analysis of what happened..>

I agree Anthony.

I find it amazing, though, that the longs thinking seems to be as follows: Because the BMY announcement was yesterday and the NCI announcement was today, then the NCI announcement supercedes BMY's - as if BMY did not know about the NCI results before making their decision. People are not thinking clearly here.

Wish I could get some shares to short.

Jim
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