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

To: poodle who wrote (10014)	6/15/1998 1:58:00 AM
From: Dale Baker	Respond to of 18691

ENMD - I bought November 15 puts because they were very cheap when the ENMD story first broke, and I expected bumps and touts on the way like this. If ENMD really can cure cancer, there should be some positive signs by November. I lose my premium but have hopes for a longer life. If not, ENMD should fall back to its previous trading range in the mid-teens. I will probably sell my puts before then (like September if ENMD is trading around 18 - 20 and the puts are now worth $2-3). Just one approach.