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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Rocketman who wrote (6462)2/12/1999 6:42:00 AM
From: Mao II  Read Replies (1) of 9719
 
Rocket: I just read through the entire ENMD novel. One of the best single reads ever on SI! The short/long battle is intense. But there is no real news, as such. I think it's safe to say most everyone expects a gap up in ayem. When the slide begins after that, tho, is anybody's guess. This is news? ENMD is a fantasy stock, however. It has unlimited potential in the near term. For that reason, I think it was foolhardy for anyone to short it overnight. Unless, of course, their pockets are so deep they can afford the potential squeeze. Too risky for my blood. I got in near the low on Wed, long. Not a large position, but large enough. The downside for me is therefore limited to a dozen points. But a short, even at these levels? I wouldn't touch it yet. M2
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