To: biodoc who wrote (992 ) 5/13/1998 10:54:00 PM From: Ron Dior Read Replies (5) | Respond to
Is everyone on this board insane or just desperate for a drug that works? Don't get me wrong, I am more than all for a cure for cancer. Some dear friends of mine have passed on because of this horrid disease. But, from an investors stand point, this company is INCREDIBLY overvalued. Not like say AOL, or YHOO, or MSFT, etc. These companies at least are worth billions of dollars. When you invest in them you are investing in a company that can produce large amounts of income! On the other hand, ENMD with its 40 employees? Come on, give me a break, who in their right mind would put their hard earned money into this stock? You can buy stocks like CPQ or COMS for the same price. Could a good financial investor even compare these to ENMD? I know what every one will say to this post,"Well what is the cure for cancer worth to you"? Well give me a company that has cured cancer and I will pay what ever you ask because I will make a ton of money! Is ENMD that company..the clear answer is NO! They are no further along than many companies are. If I had thrown my money into every company that was assumed to be the next Microsoft because of some advanced technologies, I would be in the poor house! The bottom line is, ENMD is a $15 dollar stock on a good day. When all this hoop te do is over with, the stock will go back down to where it has been trading for months and months. Just look at a one year chart if you do not get my point. If you want to own ENMD because you think that they are the true company with the silver bullet, then buy them when they hit the low 20's. At least then your downside risk will only be 5 points or so.
