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Biotech / Medical : VD's Model Portfolio & Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: Vector1 who wrote (5164)	6/19/1998 12:46:00 PM
From: Rocketman	Read Replies (1) \| Respond to of 9719

I don't want to cover today, but next week, probably in the mid-$20s. This dog will be dropping like a weighted puppy in a pond, sad and to the bottom. Just read the very long and nasty Yahoo thread - what a bunch of hypesters. These people just don't understand that the market cap of a company counts for something and that this kind of market cap for a company that has what ENMD has is unsustainable. Best posting on Yahoo I found was: <<<<<<< sqeezee (40/M) Jun 18 1998 6:47PM EDT Hey folks. Look at the open interest on options as of this morning. Look at it as of this evening. Looks like a lot of put options lost all of their valuein today's run-up. Guess who that benefits -- the market makers who were on the other side of those contracts. How convenient that tomorrow is the expiration of those options. Poof, there goes the market makers obligation to pay on all those heretofore deep in the money options. My course of action would be to increase my short position on this opportunity. I will by all means avoid being long and left holding the bag when ENMD resumes its rapid decline. (this will probalby come due to general selling and ENMD raising cash via dilutive transactions). There is no news. Good Luck! >>>>>>>>> Also another post: <<<<<<< bigweiser Jun 18 1998 7:19PM EDT You are forgetting something, there is a decent open interest on the call side as well. Now the specialists have to lose on the call holders..Unles ENMD closes at 30 exactly tomorrow that is. >>>>>>>>>>> I wouldn't be surprised to see this close damn near $30 today. Incredible how the BS flows on Yahoo. Somebody has gone off about how ENMD may have a cure for AIDS by starving it of oxygen too, based on something that they thought they heard on CNBC, but didn't quite get the full gist of. Sounds like they've got the old ENMD starve the tumor news confused with yesterdays HIV infecting the cell Xrays. What a joke. I think I do want to cover this by the annual meeting which if I can believe one post is Thursday, June 25th, as I figure the hype will increase (and maybe they will have some news to drive it), the stock will shoot up again and it will be time to short it again. This will have to be an incredibly well attended meeting given recent events, with lots of media coverage, and I figure the momentum players will have their fingers on the trigger ready to play run up fever again. Rman

To: Vector1 who wrote (5164)	6/19/1998 1:14:00 PM
From: Rocketman	Read Replies (2) \| Respond to of 9719

Now this seems important, but the market scarcely notices PGNX, too busy with ENMD fever: biz.yahoo.com These guys have a deal with GZTC too. Also check out biz.yahoo.com PGNX is doing cancer trials in humans, guess that just isn't as exciting as doing them in mice. With just a quick look, I like this one. Check it out and let me know what y'all think. Melanoma is has a huge market potential, and this seems like a logical magic bullet approach. Rman