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To: scaram(o)uche who wrote (7627)5/4/1998 10:04:00 AM
From: Galirayo  Respond to of 9262
 
[ ENMD ] Rick,

Un - Believable. Opened at 83.00.

What a Wacky Market.

Ray



To: scaram(o)uche who wrote (7627)5/4/1998 11:39:00 AM
From: John Metcalf  Respond to of 9262
 
{John, if you took the delta in market cap for ENMD at today's open and added it to the market cap of RGEN, what would RGEN be trading at? :-)}

ENMD closed last week at $150mm market cap, and opened today a little above one billion. It's trading now ($50) at $600mm+.

RGEN closed last week at $24mm market cap. To be valued equally with ENMD, would take $32 per share. This shouldn't obscure the fact that RGEN is a near double today. Good call, Rick -- on a normal day a double is regarded as a great call. SUGN was a good play too, and perhaps worth holding at this price.

$BTK has also picked up, along with every biotech I own. It's reassuring to see that the market is still capable of seeing the promise of the industry.