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

To: LTK007 who wrote (879)	5/7/1998 11:27:00 PM
From: Charger	Read Replies (1) \| Respond to of 2135

Doesn't need experts, imho. This is what I think is happening, not just to ENMD, but to a lot of internet stocks: There are a huge amount of people who, in the last 2 years, have learned to use a computer, have heard about internet trading, know the market is volatile (unsafe), have learned to daytrade, even like daytrading, have found SI, etc. etc. Discount brokers are a dime a dozen now, increasing exponentially just since last fall. Last week a company by the name of PLC came out with a long-awaited FDA "approval" for a heart laser transmyocardial procedure, a less invasive surgery. Because they had failed in their FDA procural previously, stockholders were nervous and just prior to the announcement people dumped, the stock tanked, and then halted which I dont think people expected (the halt). When the news was positive on Friday eve, the stock normally would have regained its 8 pt loss and probably would have continued a normal run of at least 4 more points. However, the open happened on the day the Dow fell 200 points and instead of continuing its climb, the stock tanked, panicking holders who then dumped again and the stock is way below what it was expected to be. Had the stories been reversed, had the ENMD article appeared just when the Dow was falling 200 pts, we would not have seen this kind of a run on ENMD, and had PLC had its story this past Monday, instead of the previous, we might have seen a 40 pt rise for it. In this case, on the heels of KTEL, DCLK, viagra, etc. people see stocks running. When the market is strong this kind of running has nothing whatsoever to do with the stock or the merit of the company. In fact I wager most people, daytraders, playing the stock know nothing about the company. They just see it run and jump on the wagon. The run was fueled by the NY Times article to be sure, imho, and rumor carried it the rest of the way. For myself I simply sat and watched with my mouth open. My attention was called to it in chat rooms. I had not read the article at that point. I watched the stock run up and run back and run up again, twice thinking that I should avail myself of some of the run when it hit $42 and yet not daring. Today, by the end, it seems to have calmed down and I decided to spend the afternoon reading the thread, reading the articles, and seeing if I wish to be involved. Also wanted to get a sense of where people think the stock might settle, and I can see I might have to wait a while for a good entry point, if some people here are correct. I think there is no "crime", but rather there needs to be an understanding of the nature of the beast. It is like when cars first arrived. There is no stopping this momentum. Now we have to build roads and stop signs to handle the phenomenon. Just my two cents. I am interested in ENMD and the work that Dr. Folkman has done. Charger