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

To: MIKE DUBIS who wrote (1065)	5/20/1998 10:05:00 PM
From: Orwell	Read Replies (1) \| Respond to of 2135

Why are you negative on ENMD, is it becaue you are short? Give us some reasons. O.

To: MIKE DUBIS who wrote (1065)	5/20/1998 11:05:00 PM
From: Ron Dior	Read Replies (2) \| Respond to of 2135

Reasons why ENMD is holding above $30: #1. Many people bought in the $50-$80 range and have already lost their shirts. The buys were mostly 100-500 share blocks so many of them still holding at $30 figure their is not much downside left so why sell. The drugs could get some positive results and they will get their money back maybe even make some! What would you do if you were down say $2000 on 100 shares with possible good news coming out in several months. Would you sell or wait it out? Most are holding so the volume is very low when the price falls, in turn making the price fall slowly. #2. The Biotech sector is loaded up with all kinds of hype, spam, rumors, call it what you will. They are experiencing what the internet stocks were going through last month! All of this hype is encouraging inexperienced buyers to buy on a dip. This is also slowing down the process of this stock going back to fair value. #3. MM manipulation is a dirty phrase but the fact of the matter is, it really does happen. ENMD is the perfect stock for it, because most of the investors buying it are buying on hype and speculation or (greed for a more accurate description). The MM's are having a field day and investors are playing into their hands. Now Reasons why ENMD will definitely fall: #1. When people who got in @ $50 - $80 haven't heard any positive news for a while and the stock price slowly moves down into the $20's(which will happen very soon). Then reality will turn to panic, realizing that they might lose all of their money. At that point they will start bailing out like the Titanic! #2. All this hype with the biotech industry will fizzle and so will ENMD! #3. MM's will have had their fun and made their money off the suckers until their are no suckers left, then ENMD will go back down to what it is worth ( $6 - $12) until some type of positive results occur, or don't occur! The defense rests........ Ron Dior