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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: poodle who wrote (8557)5/7/1998 11:49:00 PM
From: Joey Two-Cents  Read Replies (1) | Respond to of 18691
 
<JTC, I also do not know why ENMD should go strongly up.>

Poodle. I'm not a TA but know when ENMD scientists and management rip the NY Times for printing the "cocktail talk" mis-quotes and the pros say any cure is years away it's hard for the longs to justify a 300%
increase in a stock thats been at 12 for a year. The difference between a KTEL and ENMD is that KTEL comes out with a hype story every day and justifies its price. ENMD does no such thing and is actually working against the mania.

Anyway I bought the June 35 puts on ENMD because I wanted the daytraders to have their fun and move on to something new in a couple of weeks and let this one seek its own level by strike date.