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Biotech / Medical : EntreMed (ENMD) -- Ignore unavailable to you. Want to Upgrade?

To: rt1^ who wrote (551)	5/4/1998 6:48:00 PM
From: zebraspot	Read Replies (6) \| Respond to of 2135

You bears need to sharpen your skills in discerning between truly over-hyped stocks in cut-throat, low-margin commodity businesses(like AMZN or KTEL), and a stock such as ENMD. We're talking C-u-r-i-n-g C-a-n-c-e-r. Not selling 70's Disco CD's on-line. Big, big, big difference. Sure, they haven't proved it yet in humans. Yet. But, that's why it's at a $700 million cap instead of a $70 Billion cap. Some pretty smart people, Nobel laureates with reputations on the line included, are saying some very, very promising things. And, you know that in the market, especially this market, future promise is valued highly; almost more highly than current reality. You really want to be short this? Your upside is, what, 100% max? Downside? Given a couple of years, it could easily go up, what, 100 times? (to a still reasonable sounding $70 Billion). That's 100% up versus 10,000% down. You can make money with odds like that? At least short something with less upside. There aren't enough better opportunities for that in this market?? You bargain hunting fence-sitters want to wait and buy it on the cheap? It IS cheap. In the context of the current big picture here, it's extremely cheap. If it doesn't pan out you don't want to own it anyway. If it does pan out, it's cheap. It's already discounting the uncertainty. The fact that it went from $12 to $51 today is bothering you? Quit looking in the rear view mirror. Look ahead down the road, to where it may be going. You want to stand on the side of the road and watch it zoom by without you? Hey, if it's going to $5000 a share, will you care if you paid $51 or $41? What? You want to wait until it's all proven and then buy? OK... we'll need buyers then, too. But, consider, in the immortal words of Dan Rather: Courage!