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

To: Ron Dior who wrote (8824)	5/15/1998 11:13:00 AM
From: Joey Two-Cents	Read Replies (1) \| Respond to of 18691

<Can anyone give me a rational explanation why ENMD is up over 2 points? I'm totally confused...!> Options expiration?

To: Ron Dior who wrote (8824)	5/15/1998 3:48:00 PM
From: Peter V	Read Replies (2) \| Respond to of 18691

If you are asking for a rational explanation why a stock with negative earnings is rising in price, you haven't been reading this thread for very long. It's been the topic of discussion since January 1. (and probably most of last year's thread as well) Nothing rational about this market. NMGC, with a P/E of around 20, beats EPS estimates by a penny, .26 v. .09 last year, and drops 17 percent in the last two days. ENMD has huge losses and goes up. AMZN trades at a P/E of 9000, and on and on. Sorry, "rational" not spoken here.