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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?


To: redbeardog who wrote (1050)5/13/1998 11:04:00 PM
From: Ron Dior  Respond to of 2506
 
Is their anyone out their who thinks ENMD could possibly be worth $33 per share. This is a company with 40 employees and an inflated stock price because of misleading information. Am I the only one who thinks this short is too good to be true??

Ron Dior



To: redbeardog who wrote (1050)5/13/1998 11:46:00 PM
From: drakes353  Read Replies (1) | Respond to of 2506
 
redbeardog:

Me thinks the only way to effect an exit at this point is to have a broker that will do a "third market" trade for you. Looks like 3,500 shares traded today between $2.50 and $3.00....somewhere. Got this from Factset at the office.

Unless you can get a trade off through Instinet (I can't) I think we just cool our heels until it gets back onto the Naz or opens up on the Bulletin Board. Good point about about the tied-up capital. Don't know what my broker will do to my available margin while this thing is on the 14 day disabled list. But being "stuck" in a short that's down 60% from where I sold it ain't such a bad thing.

Good luck,

drakes353