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Non-Tech : Enamelon (ENML) - Does anyone follow this? -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (678)	7/2/1998 4:05:00 PM
From: Prophet	Read Replies (1) \| Respond to of 863

MMs run it up during the last few trades so it closes at the high of the day. Obviously there are very few buyers at those levels, the stocks sits for the last 7 minutes of trading. Either, there are longs who seriously think ENML is going some where (no long sellers), or no shares to short at all since during the last few minutes the spread is so wide. If shorts decide not to cover, ENML is going down quickly next week.

To: Mama Bear who wrote (678)	7/3/1998 9:05:00 AM
From: Mel Spivak	Respond to of 863

Barb, touch‚. With fanatic bulls and bears on ENML, it does make for a very high beta stock. Every move up confirms, to the bulls their case and vice versa. The 8 - 9 area is critical. Surpassing that is very bullish. The steep decline made the steep rise possible. As few stocks (other than 'net stocks) back off to clean out the stops,etc, there could well be some backtracking here to wipe out the weak hands. It is getting harder here to fortell the immediate future for ENML. Mel