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

To: PAL who wrote (688)5/5/1998 12:35:00 PM
From: David Winkler  Read Replies (2) | Respond to of 2135
 
if you look at the charts less than 2.5 million shares of 30+million traded were traded over 60. So if folks are covering, most sold their shares in the 50's and are covering in the high 40's for about a 20% gain. Not bad but hardly a great return considering the risk.

Is it possible that this stock is being accumulated in small blocks by people with cancer or who know people with cancer. (about 250,000,000 potential investors. As these shares are removed from those available to short (in cash accounts). Shares become harder to short.

Please comment on this analysis, I am new at this



To: PAL who wrote (688)5/5/1998 12:40:00 PM
From: David Winkler  Read Replies (1) | Respond to of 2135
 
Another thought -- Of 12 million shares outstanding I hear a mention of a float of 5 million. What is the difference between float and shares outstanding?

Many/most of these shares are held by "true believers" who have sold part of their holdings or who will not sell at any price. How many shares are actually being traded in this market.


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