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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?


To: Roger A. Babb who wrote (146)5/4/1998 9:13:00 AM
From: Ploni  Read Replies (2) | Respond to of 3339
 
ENMD, gapping from 12 up to 40-something, based on curing mice with cancer.

The strange thing is this is a 2-year old story. The stock gapped before, based on an article in Nature, but nowhere near this high.

With a year to go before human trials, it will certainly start correcting after a week or two.

I wonder who knew the story was coming out. On Friday you could have bought the May 15 calls for 3/16! Today they'll be worth 20, 30? That's the kind of return I'd like to have, just once.



To: Roger A. Babb who wrote (146)5/4/1998 9:15:00 AM
From: Ploni  Read Replies (1) | Respond to of 3339
 
Warren Buffet:

"I don't think there's a bubble." - 9:13 a.m. eastern time, May 4, 1998, speaking to CNBC from Omaha, NE.